StanChart launches proprietary e-channel
Standard Chartered Bank on Wednesday launched its one-stop proprietary electronic banking channel styled 'Straight2Bank' for its corporate and institutional clients, says a press release.Straight2Bank offers state of the art working capital solutions to corporations and transaction initiation and reporting solutions to institutions. The fully integrated end-to-end platform provides cash, trade, foreign exchange (forex) and securities services via a single sign-on access. Karen Fawcett, group head of Transaction Banking of the bank, said: "We have made a significant investment in the bank's electronic platform in response to our clients need. Straight2Bank offers leading edge working capital solutions across all client segments, products and geographies." "Our clients are increasingly focusing on greater integration between transaction banking and foreign exchange risk management. As a result, we now offer them foreign exchange functionality within the core transaction banking module on Straight2Bank," said Mike Bass, global head of Rates and Forex of the bank. Straight2Bank's products and services include global markets solutions, transaction banking offerings, information management and connectivity. Straight2Bank is available to all corporate and institutional clients of the bank via registration through their client relationship manager. Existing clients will be migrated from Web Bank to Straight2Bank with immediate effect. Certain features are subject to local regulatory approval, the release added.
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