Ascentium, a global business services platform, has announced a strategic partnership with Standard Chartered to streamline cross-border expansion for businesses across the Asia-Pacific (APAC) region. The partnership, formalised through a Memorandum of Understanding, will initially launch in Hong Kong, offering a fast-track banking service to help Ascentium clients open accounts swiftly and commence operations without delays.
The collaboration is set to extend beyond Hong Kong, with plans to introduce the model to other APAC markets soon. This initiative will provide businesses with direct access to Standard Chartered’s referral network in key markets, including Singapore, Mainland China, Malaysia, Vietnam, and India. By merging banking efficiency with Ascentium’s corporate services expertise, the partnership positions Ascentium as a comprehensive growth platform for businesses aiming to scale internationally.
Wendy Wang, Founding Management and Group President of Ascentium, stated, “This partnership reflects a shared mission to make expansion simpler, faster, and more human. By bringing together leaders in banking and corporate services, we’ve created a powerhouse that gives businesses clarity and confidence from day one.”
The partnership also includes joint marketing initiatives and co-hosted events in markets like Vietnam and Mainland China, which are already underway. Ascentium will join Standard Chartered’s Global Chinese Services network, enhancing connections with Chinese corporates and supporting businesses with global ambitions.
Xie Wen, Global Head of SME Banking at Standard Chartered, commented, “Our partnership with Ascentium allows us to offer our clients a smoother, end-to-end experience, from account opening to cross-border expansion, helping businesses scale with confidence.”
This strategic alliance marks a significant step in facilitating business growth across the APAC region, with future expansions anticipated to further bolster the partnership’s impact.
