STANDARD Chartered has launched a new electronic portal for its corporate customers which integrates a host of financial transaction solutions, as well as reporting solutions, into a single interface.
Called 'Straight2Bank', the platform provides a range of services, including foreign exchange services in over 100 currencies, financing services and securities services, via a single sign-on account.
The new platform is offered over the Internet via a dedicated network connection, and can also be integrated with enterprise resource planning systems such as SAP. It is able to provide online access to account financing options such as buyer finance, supplier finance and receivables finance. A bank spokesperson said that this ERP connectivity features will be extended to its trade and treasury services, and it expects to be the only bank to have this capability across working capital.
Karen Fawcett, group head of transaction banking at Standard Chartered said that the bank had made a 'significant investment' into the platform.
The new platform 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,' Ms Fawcett said. Straight2Bank replaces the bank's current 'Web Bank' platform, and is available immediately.
