UBS’ Top Tech Based Disruptive Stocks For 2030: Top 29 Stocks

22. Standard Chartered PLC (OTC:SCBFY)

YTD Share Price Gain: 30.34%

Standard Chartered PLC (OTC:SCBFY) is one of the biggest diversified banks in the world. It covers the needs of businesses, governments, and retail customers. Unlike several other mega banks, Standard Chartered PLC (OTC:SCBFY) has a well diversified income statement that is reliant on transaction processing, lending, capital markets, macro trading, wealth management, and deposits along with others. This allows it to hold the ship steady no matter what the economic tides are. For instance, during H1 2024, Standard Chartered PLC (OTC:SCBFY)’s trade and working capital business that helps firms with their daily operations saw revenue fall by 8% annually to sit at $626 million. Similarly, mortgages and other lending revenue dropped by 17% to $227. Yet, Standard Chartered PLC (OTC:SCBFY)’s revenue grew by 11% to $9.6 billion as it was fueled by credit trading, investment products, and treasury operations. It is also one of the hottest players in the digital banking industry where it operates via the Standard Chartered nexus business. This business offers other banks the ability to set up digital banks or use Standard Chartered PLC (OTC:SCBFY)’s products as a banking as a service (BaaS). No wonder then that the bank is UBS’ favorite for digital banking disruption.