Standard Chartered Continues Groundbreaking Work in Asia
BEST BANK FOR CASH & LIQUIDITY MANAGEMENT
BEST BANK FOR TRADE & FSCM
As a leading player in Asia, great things are expected of Standard Chartered, yet it still has the capacity to deliver surprises, as its success in TMI Awards 2020 shows. Here’s why the bank won Asia’s Best Bank for Cash & Liquidity Management, and Best Bank for Trade & Financial Supply Chain, as well an accolade in the Best Covid-19 Response category. Also noteworthy is Standard Chartered’s work with its client Bharti Airtel, which was highly commended in TMI’s Corporate Awards for Best API Project.
Standard Chartered has strengthened its market-leading position in cash and liquidity management through solutions such as its new scalable payment processing platform, launched in Hong Kong. This can sustain a peak load of 150 transactions per second with zero downtime for transaction processing.
In China, Standard Chartered has established more than 100 corporate cross-border cash pools across PBOC and SAFE schemes as of September 2020. It was also the first to offer Shanghai Free Trade Zone cash pools and a fully functional cash-sweeping scheme. In addition, the bank has a leading-edge digital ASEAN proposition, integrating a comprehensive value-added solution with its Straight2Bank (S2B) solution. This is outstanding work for which TMI proudly awards the Best Bank for Cash & Liquidity Management: Asia Pacific accolade to Standard Chartered.