Fintech provider to reconnect businesses with international
banking services, digital treasury management solutions, risk
management and cash investment products
DUBAI, UAE, Jan. 21, 2021 /PRNewswire/ -- A new digital
treasury services management provider SH Capital Ltd (SHC),
launches in Dubai today with a
mission to empower small and medium sized enterprises (SMEs and
MMEs) by offering world class global banking services, asset
management, FX hedging solutions, investment products and
services.
SH Capital is a subsidiary of parent company Stanhope Financial
Group, which launched with $3.5m
funding in November last year. In December, the group also
announced the launch of its EU headquarters in Lithuania after obtaining its Electronic Money
Institution licence.
The independent fintech firm, which has received its
in-principle approval Cat 3A regulatory licensing from the DFSA,
Dubai, is set to begin trading as
of end of Q2'21, with a mission to help companies meet their
financial goals during the Covid-19 recovery.
SHC will act as an intermediary for clients, helping them to
access leading and global tier one cash investment products. The
Stanhope team of leading industry experts will also advise on
commercial paper, money market funds, futures, options,
ETFs and FX hedging solutions. Additionally, SHC has already
partnered with a number of global counterparties, exchanges and
e-trading venues to provide liquidity in the equity, FX, fixed
income and commodity markets for all clients.
In spite of recent market volatility due to Covid-19, SHC are
also committed to providing bespoke financial strategies for
companies as matched principle, designed to meet their risk
tolerance and position them ahead of the curve for both short and
long-term financial goals.
To do this, SHC leverages the latest RegTech and blockchain
technology, which helps to significantly reduce CBR risk and
service friction, whilst maintaining a fast, secure and transparent
service. More specifically, AML, KYC, trade monitoring and a
distributed ledger technology are just some of the technology
utilised for an efficient and safe execution of service.
Khalid Talukder, Managing
Director, SH Capital Ltd, said:
"Dubai is quickly being
recognised as a global hub of fintech and innovation, being home to
some of the fastest growing, most exciting firms on the planet.
With postponed Dubai Expo launching in the Autumn of 2021, we are
perfectly placed to support these business to maximise this global
showcasing opportunity.
"Many of these businesses struggle to gain access to efficient
and high quality digital asset management and investment products
globally to support their treasury activities. We aim to provide a
fully digital service offering via our platform allowing easy
access to various cash asset management products, services and
investment products that they need in order to thrive in an
increasingly competitive global world.
"SH Capital Ltd will change all that, reconnecting these
fast-growing firms mid-market corporates which are the backbone of
GCC commerce with the products offered by Tier 1 financial
institutions, as well as offering treasury consultancy to take them
to the next level.
"With over 70 years combined experience in our team of financial
professionals, shared with quantitative-driven data insight,
regulatory technology and blockchain, we are confident we can
provide a consistent treasury management service, free from delays,
security issues and unfair charging, to all firms in need of
assistance during this difficult Covid period and beyond."
Kevin von Neuschatz, Group CEO, Stanhope Financial Group,
said:
"We're excited to have received our operating licence and
formally launch SH Capital Ltd in Dubai. Our on-the-ground team of experts will
begin trading immediately, providing ambitious businesses across
the region with tier one banking and payments services to enable
rapid growth during an incredibly challenging time.
"This is the first of many expansion plans for the Stanhope
Financial Group, with similar launches in Europe and other key regions in the first part
of 2021."
About SH Capital Ltd
SHC is a leading quantitative-driven electronic market-maker
partnering with counterparties, exchanges and e-trading venues
globally to provide liquidity in the Equity, FX, Fixed Income and
Commodity markets.
Its leadership team has over 70 years of combined experience at
Citibank, Deutsche Bank, Barclays, RBS, HSBC, UBS, and Wells Fargo.
Said global expertise in capital markets, compliance, credit, law,
product, risk, and technology is utilised to help firms,
particularly SMEs and those in emerging markets, to move and manage
money, from anywhere to everywhere.