Standard Chartered Enhances Working Capital Management Solutions
Standard Chartered Bank said that it is rolling out a series of cash management enhancements to significantly improve the ability to manage working capital. Aimed at delivering increased visibility and control of the balance sheet, the solutions are the result of client feedback and the bank’s understanding of Asia, Africa and the Middle East markets.
The bank added that over the next five years, clients will be able to access innovative solutions across liquidity management and account services, payments, collections and global billing solutions on standardised platforms. Clients can also expect to benefit from unrivalled service consistency through a standardised working capital view across cash, trade, loans and foreign exchange (FX) to better navigate the diverse and complex regulatory landscape.
George Nast, global head of product management, transaction banking, said that the launch “reiterates our commitment to supporting our clients’ agenda for growth in emerging markets and to helping clients in our core markets expand globally”.
Kicking off the roll out, Standard Chartered will be introducing new liquidity capabilities by the end of 2012, which will include: