Standard Chartered Upgrades Straight2Bank FX Payments

Standard Chartered Bank has upgrade Straight2Bank Foreign Exchange (FX) Payments. Developed to facilitate FX payments in over 100 currencies, it offers online request for quotes (RFQ) and access to a broad range of exotics, minors and G10 currencies.

Building on the capabilities of the bank’s existing platform, Straight2Bank FX Payments was developed to meet the foreign exchange payment needs of clients and improve the efficiency and control over their accounts payable processes. The platform offers integration capabilities, a broad range of FX payment currencies at competitive rates and the ability for clients to execute from a single account located in a wide choice of locations across Standard Chartered’s geographical spread.

Gautam Jain, global head of client access, said: “As a client-led organisation, we continue to support our clients in decision making by regularly enhancing our electronic channels. Straight2Bank FX Payments, for example, allows our diverse client base to leverage Standard Chartered’s deep understanding of emerging market dynamics including liquidity management for thinly traded currencies.”

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