Standard Chartered said it has taken its wealth lending overdraft facility online with the introduction of new digital simulators that it co-created with clients.

The three wealth lending simulators have been designed to help clients visualise how market movements and FX volatility can influence portfolios, returns and associated risks.

After conducting an in-depth interview with 30 clients, the study revealed that the top-of-mind concern right now is the resiliency of their wealth lending portfolios.

As such, StanChart has launched the investment, bancassurance and portfolio simulators that can calibrate wealth lending portfolios based on financial circumstances, investment goals and protection needs.

Investment examines returns, including variations based on leveraged and non-leveraged options, while portfolio simulates overall wealth lending investment portfolios.

Bancassurance looks into returns of assets, including variations based on financing and non-financing options.

The transparency enabled by these tools also help relationship managers better educate clients on the benefits and risks of wealth lending, StanChart said.

Since the soft launch, ‘clients have provided feedback that they have better knowledge of what the facility provides and greater confidence in using it when investing,’ said Sumeet Bhambri, regional head of wealth management, Asean and South Asia and head of wealth management Singapore.

‘This has resulted in a stronger take up of the facility. The development of the wealth lending simulators takes it a step further with client co-creation – we call this partnership reimagined,’ he said.

With wealth lending going online, the lender now has ‘self-serve’ digital platforms, including Online Unit Trust, Online Trading and LiveFX, with more digital offerings to come.