Doha - Standard Chartered yesterday launched its one-stop proprietary electronic banking channel for corporate and institutional clients - 'Straight2Bank'. The fully integrated end-to-end platform provides cash, trade, foreign exchange (FX) and securities services via a single sign-on access.
The enhancements provide clients with streamlined and straight through processing of transactions, resulting in significant operating efficiencies and cost savings, a news release said yesterday.
James Hopkinson, Head of Client Relationships, Standard Chartered Bank Qatar said: "We have made a significant investment in the Bank's electronic platform in response to our clients need for sophisticated transaction, hedging, and information services through a single interface. 'Straight2Bank' has been designed so that it can be scaled according to a client's needs for product simplicity or sophistication, or adapted for a small enterprise to a multi-national corporation to a financial institution. It offers leading edge working capital solutions across all client segments, products and geographies."
Added Daniel Hanna, Head of Global Markets, Standard Chartered Bank Qatar: "Our clients are increasingly focusing on greater integration between transaction banking and foreign exchange risk management, under the umbrella of liquidity management. As a result, we now offer them foreign exchange functionality within the core transaction banking module on 'Straight2Bank'. This functionality includes the ability for our clients to trade Spots, Forwards and Swaps in more than 100 currency pairs. It reflects our strong commitment to eCommerce as Standard Chartered Bank establishes itself as a key electronic provider of emerging markets liquidity."
Straight2Bank's comprehensive range of products and services includes global markets solutions: comprehensive Spot, Forward and Swap foreign exchange transacting capabilities in over 100 currencies, as well as for precious metals (where approved).
Transaction banking offerings: broader range of transactional financing options for clients, enabling them to choose between the full range of documentary trade services and open account financing options.
© The Peninsula 2007
