Seoul, 3160,
South Korea
Standard Chartered Korea Technographics
Standard Chartered Korea Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Standard Chartered Korea and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 7000 Standard Chartered Korea employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Standard Chartered Korea has purchased the following applications: SAP S/4 HANA for ERP Financial in 2019, OmniOne Blockchain for Blockchain Platform in 2021, SAP BPC Financial Close for Financial Consolidation and Close in 2019 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Standard Chartered Korea is running and its propensity to invest more and deepen its relationship with SAP , RaonSecure , Rsupport or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Standard Chartered Korea revenues, which have grown to $1.00 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Standard Chartered Korea intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Standard Chartered Korea Tech Stack and Enterprise Applications
Standard Chartered Korea ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Legacy | SAP S/4 HANA | ERP Financial | ERP | n/a | 2019 | 2019 |
In 2019, Standard Chartered Korea began a SAP S/4 HANA green field implementation to establish a bank-wide ERP Financial platform. The SAP S/4 HANA initiative is positioned as a global green field program that will enable 57 countries across the globe to be SAP ready by 2025, aligning Standard Chartered Korea within the Banking and Financial Services sector to a unified ERP Financial backbone.
Deployment planning emphasizes an ERP Financial scope that includes core general ledger, accounts payable, accounts receivable, financial close and fixed assets management, together with treasury and cash management capabilities typical of SAP S/4 HANA finance implementations. The program is structured around a single global financial template and harmonized master data, with configuration workstreams for chart of accounts, fiscal year variants and statutory reporting frameworks to support cross-border banking operations.
The rollout covers global finance and accounting functions across 57 countries, with operational impact on treasury, internal and external reporting, regulatory finance teams and bookkeeping operations. Implementation for Standard Chartered Korea is part of a broader regional and global enablement that consolidates financial process ownership and standardizes accounting workflows under the ERP Financial platform.
Program governance is organized as a phased global rollout to 2025, with template governance, release control and process harmonization driving country adoption and validation cycles. Change management and finance process redesign are central to the approach, establishing steering committees, validation checkpoints and data governance to ensure consistent financial master data and statutory compliance across participating countries.
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Standard Chartered Korea Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| RaonSecure | Legacy | OmniOne Blockchain | Blockchain Platform | Blockchain | n/a | 2021 | 2021 |
In 2021, Standard Chartered Korea joined the national BankID rollout that deployed OmniOne Blockchain as the underlying infrastructure for a Korea-wide decentralized identity service. The deployment uses OmniOne Blockchain and is described in source reporting as a Blockchain Platform implementation that underpins verifiable credential issuance and decentralized identifier management across participating banks.
The implementation centers on a consumer digital identity wallet held on the user smartphone, implemented as the MyInfo decentralized identity solution co-developed by the Korea Financial Telecommunications and Clearings Institute and Raon White Hat, a Raon Secure subsidiary and developer of OmniOne Blockchain. Functional capabilities implemented include secure storage of contact attributes such as mobile phone number, address, and email, issuance and management of verifiable credentials, and a biometric bio identity component that may include facial recognition, with the solution reported as conformant with W3C decentralized identity standards.
Integration and operational coverage extend to banking sector participants, with seven banks going live on August 27, 2021 and an expansion plan to reach 16 banks by the end of 2021, Standard Chartered Korea listed among the banks slated to join during the rollout. The OmniOne Blockchain deployment is also referenced as part of parallel initiatives, with Raon and OmniOne participating in an LG CNS project to issue a blockchain based driver license credential. The deployment model is consortium oriented, driven by the Financial Distributed ID Promotion Council for cross institution credential portability.
Governance and risk considerations highlighted in reporting include blockchain storage choices and privacy trade offs, reporting indicates verifiable credential issuance information and the decentralized identifier may be recorded on chain, a design that can create an extensive digital trail linked to a DID and associated financial data. The consortium is planning non bank use cases for bank issued verifiable credentials, while reporting notes additional technical clarifications were requested about on chain data handling but were not provided in time for publication.
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Standard Chartered Korea EPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Oracle Hyperion | SAP BPC Financial Close | Financial Consolidation and Close | EPM | n/a | 2019 | 2019 |
In 2019 Standard Chartered Korea implemented SAP BPC Financial Close as part of a bank wide Finance Change program, migrating its group consolidation capability from Oracle Hyperion. The deployment targeted the Financial Consolidation and Close function and was positioned to support IFRS based external reporting across the bank's global consolidation footprint.
The SAP BPC Financial Close implementation focused on core consolidation engines and close orchestration, configured to manage group consolidation, statutory and management reporting, balance sheet management and currency translation workflows. The deployment included configuration of close task automation and intercompany elimination routines consistent with Financial Consolidation and Close category capabilities, and the full application name SAP BPC Financial Close was used as the authoritative consolidation layer for external reporting.
Integrations centered on alignment with the bank's SAP general ledger landscape, reflecting a transition of the core general ledger system and adaption to SAP as part of the program, and the migration from Oracle Hyperion into SAP BPC Financial Close. Operational coverage referenced in program materials included preparation of IFRS reporting and group consolidation for more than 150 legal entities, with execution and reporting activity coordinated by teams of 180 plus finance professionals across four locations in India and Africa.
Governance and operating model changes accompanied the technical deployment, including establishment of an India center of excellence to support the core finance transformation, creation of centralized R2R reporting stewardship, and defined escalation paths involving the Group Chief Accountant, regional and country CFOs and financial controllers. Program leadership and the global process management function were embedded to drive controls, delivery cadence and cross site coordination for the consolidation and close processes.
The SAP BPC Financial Close system was implemented to serve Group consolidation, external IFRS reporting and balance sheet management needs across Standard Chartered's finance organization, aligning the Financial Consolidation and Close application to existing reporting and control frameworks as part of the broader bank wide finance change program.
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Standard Chartered Korea ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Remote Monitoring and Management | ITSM |
|
2008 | 2008 |
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Standard Chartered Korea Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Asset and Wealth Management | Investment Management |
|
2013 | 2013 |
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Standard Chartered Korea Procurement
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Procurement | Procurement |
|
2019 | 2019 |
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Standard Chartered Korea PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
API Management | PaaS |
|
2021 | 2021 |
|
Standard Chartered Korea IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Content Delivery Network | IaaS |
|
2021 | 2021 |
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Standard Chartered Korea CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Secure Sockets Layer (SSL) | CyberSecurity |
|
2019 | 2019 |
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IT Decision Makers and Key Stakeholders at Standard Chartered Korea
Apps Being Evaluated by Standard Chartered Korea Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||