Bangkok--3 Jun--Standard Chartered Bank (Thai)
Facilitate regional cross border trade in Asia, Africa and Middle East with capacities across international network, reinforcing strategy to become “Bank of Choice”
At a time of economic slowdown and cash flow becomes more essential than ever, how to strengthen liquidity and cash management capability is a key concern for businesses. Standard Chartered Bank (Thai) Pcl. rolls out enhanced Straight2Bank - the one-stop electronic banking platform for corporate and institutional clients, that highlights new features of Mobile Authorization, Info Manager and Striaght2Bank Offline.
A market leader in delivering innovative banking solutions, Standard Chartered is the first bank to offer an application for Mobile Authorisation. The feature enables on-the-go corporate executives to access electronic banking facilities and gives them a secure means for authorizing financial transactions with their mobile phones. Striaght2Bank Mobile Authorisation delivers greater speed, convenience and security to clients as this is fully mobile application as apposed to other applications which are only accessible via a mobile browser.
Mr. Yuthadej Putamanonda, Head of Transaction Banking, Standard Chartered (Thai) said:
“Time to market is vital in today’s business environment. Having the ability to manage resources efficiently will enable companies to maximize their returns. This new Mobile Banking service gives our corporate clients instant access to the latest information on transactions anytime, anywhere. This effectively minimizes transaction lag time, allowing clients to make the most of their working capital and manage liquidity efficiently and at their own convenience.”
Furthermore, the enhanced Straight2Bank with added functions including Info Manager and Straight2Bank Offline, enables clients to better manage their capital efficiency anywhere, anytime even without internet connection. The Info Manager mechanism offers strong information reporting function with real-time account information notice and customized account reports based on clients’ financial management model.
Mr. Yuthadej added: “Standard Chartered Bank aims to be the Bank of Choice for corporate and institutional clients. The electronic working capital platform helps clients in Thailand and across the globe to better consolidates the financial transactions of their subsidiaries onto one single platform and allows the most efficient allocation of clients’ financial capital. With these newly-rolled out features on our Straight2Bank and a range of new features to come, clients will be empowered with necessary tools to help them make the best financial decisions for business.”
Standard Chartered Bank’s Straight2Bank platform is adopted by 37,700 clients across 56 countries around the globe, handling up to 100,000 transactions per day.
Standard Chartered Bank’s Transaction Banking Business receives numerous national and international awards and recognition within the recent years. This year, Transaction Banking received a total of 10 awards at The Asset 2009 Triple A Transaction Banking Award, including Best Cash Management Bank in the Middle East; Best Payments and Receivables Bank in Asia and Best Sub-Custodian in Thailand.
For further information please contact :
Supattra Wetchasart Tel. 0 2724 8022 Fax. 0 2724 8018
[email protected]
Note to Editors:
Standard Chartered — leading the way in Asia, Africa and the Middle East
Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world’s most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The Group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.
The Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity.
For more information, please visit: www.standardchartered.com
Standard Chartered Bank (Thai) PLC
Standard Chartered Bank (Thai) offers innovative products and services - Consumer Banking provides credit cards, personal loans, deposit taking, wealth management, mortgage, SME Banking to individuals and small to medium sized enterprises; Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.
For more information please visit: www.standardchartered.com
Standard Chartered Bank (Thai) www.standardchartered.co.th