StanChart wins Global Finance award

Standard Chartered recently won a "Best Overall Bank for Cash Management" award of the 2023 World's Best Treasury & Cash Management Systems and Services Awards of monthly English financial magazine Global Finance.  

The bank received the award for designing and implementing a variety of specialised, reliable, and scalable cash management solutions and services for clients nationwide, said a press release.

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The bank's cash management solutions are centred around principles of technology innovation, process consolidation, convenience, and efficiency.

Its digital banking solution Straight2Bank enables clients to process payments with ease and provides real-time reconciliation reports with transaction details.

Currently, over 80 clients have established a host-to-host (H2H) connectivity with the bank by linking their enterprise resource planning (ERP) platform to S2B.

The bank's virtual account solution streamlines both payments and collections processes to ensure greater transparency and control.

"We are proud…and are grateful to our clients, regulators, and stakeholders," said Luthful Arefin Khan, head of transaction banking at Standard Chartered Bangladesh.