Standard Chartered increases tech investment by 50% in Malaysia
Standard Chartered is doubling its IT spend in Malaysia over the next year with a $30m investment in its technology and operations centre. Standard Chartered called the investment a "concerted effort to transform its digital capabilities".

Standard Chartered is to invest $30 million into its Malaysian technology and operations centre, raising its IT spend in the country over the next year by 50%.

The investment comes as the Malaysian hub, Scope International, celebrates its 15th anniversary. Since its opening in 2001 with 150 staff, the facility has grown to accommodate a 5000-strong headcount.



Standard Chartered says it is planning to invest $3 billion in its global shared service centres over the next three years in a concerted effort to transform its digital capabilities.



In Malaysia, the investment comes hard on the heels of the opening of a new 33,000 square feet 'Collective Intelligence and Command Centre', billed by the bank as an incubator for tech talent in the region.