Standard Chartered Bank’s consumer banking and wealth management group has implemented the Spectrum Private Banking system from Financial Software Systems.

The project expands SCB’s Private Banking business following the acquisition of American Express Bank in February 2008. Spectrum Private Banking is a system that manages client accounts and trades and the bank’s global private banking operations.

SCB is using Spectrum Private Banking to manage its collateralized crossproduct trading business.

With trading centres in London, Singapore and Hong Kong, SCB offers clients 24-5 trading of a variety of collateralized products. For example, its SCB’s clients can take collateralized positions in foreign exchange, equities, bonds and money market contracts.

Spectrum provides complete wholesale and private banking trade management functions for foreign exchange, interest rate, equity and derivative products.