Standard Chartered Brings ICM's Electronic Banking Platform to Production in Record Time

ICM’s Solution provides payments processing, trade finance and cash reporting to Standard Chartered’s corporate and institutional clients in 25 Countries The flexibility of the BankQuest solution enables the bank to process payments, document collections, letters of credit and funds transfers, as well as to communicate in S.W.I.F.T. and proprietary message formats with operations centers and clients. The ICM system interfaces with a large number of host systems and supports more than 22 transaction types and 30 reports used by Standard Chartered. ‘The flexibility of the BankQuest technology, combined with ICM’s responsiveness to our particular circumstances, has brought a geographically and technically complex implementation to completion in record time,’ said Ed Adams, Head of Electronic Delivery, Corporate and Institutional Banking at Standard Chartered.