Standard Chartered Completes Landmark ICC-Swift API-Based Bank Guarantee Transaction via Komgo’s Konsole Platform

Standard Chartered Completes Landmark ICC-Swift API-Based Bank Guarantee Transaction via Komgo’s Konsole Platform

(IN BRIEF) Standard Chartered has successfully completed an API-based bank guarantee transaction using Komgo’s Konsole platform, adopting the newly launched ICC-Swift API standards for bank guarantees. The live transaction marks a significant step toward an interoperable digital trade finance ecosystem, enabling automated processing, real-time connectivity, and faster issuance of guarantees. Initially executed in the UK, the solution will be extended across Standard Chartered’s global markets, reinforcing the Bank’s leadership in trade finance digitisation and Komgo’s role as a scalable, standards-based connectivity platform.

(PRESS RELEASE) LONDON, 16-Jan-2026 — /EuropaWire/ — Standard Chartered has completed an industry-first, API-based bank guarantee transaction for a global energy company using Komgo’s Konsole platform, a leading multi-bank trade finance solution. The transaction is based on the newly introduced ICC-Swift API standards for bank guarantees, marking a major advancement in the digitisation and standardisation of trade finance workflows.

By fully aligning with the ICC-Swift API standards, the transaction represents an important step toward a fully interoperable and integrated digital bank guarantee ecosystem. The adoption of these standards reduces operational friction, enhances transparency, and supports the broader digital transformation of global trade by enabling seamless connectivity between banks, corporates, and platforms.

Standard Chartered is among the first international banks to operationalise the ICC-Swift API standards within a live client environment. Through direct, real-time connectivity between the Bank and Komgo’s Konsole platform, the solution eliminates the complexity of multiple API integrations. This enables automated instruction intake and significantly accelerates the issuance of digitally initiated bank guarantees, delivering improved speed, reliability, and visibility for clients.

The first transaction was executed through Standard Chartered UK, with plans to roll out the solution progressively across the Bank’s global network. This phased expansion reflects Standard Chartered’s commitment to client-centric innovation and reinforces its leadership position in the digital evolution of trade finance services worldwide.

The milestone also demonstrates Komgo’s capability to integrate seamlessly with financial institutions in full alignment with the ICC-Swift API framework. By supporting standardised, scalable connectivity, Komgo continues to strengthen its role as a key enabler of automation and interoperability across the trade finance ecosystem.

The ICC-Swift API standards for bank guarantees, introduced in 2024, represent the first set of industry-wide API specifications applied to trade finance instruments. The framework enables real-time visibility, improved interoperability, and seamless digital integration across banks, corporates, and technology platforms, laying the foundation for a more efficient and future-ready global trade infrastructure.

Komgo operates as a global digital trade finance platform designed to streamline corporate-to-bank communication and enhance efficiency across trade finance processes. Its API-driven solutions support straight-through processing and enable faster, more secure management of digital trade instruments, including bank guarantees, standby letters of credit, and letters of credit.