StanChart Launches Digital Working Capital and Lending Capability
(23 March 2023 - Global) Standard Chartered’s transaction banking platform Straight2Bank (S2B) has launched its working capital and lending capabilities.
Through the S2B Loan, clients can initiate and approve new loan drawdown and rollover requests.
Clients will have a real-time view of their facility’s limits and utilisations, as well as track the maturities of their outstanding transactions and repayments dates. This is expected to give clients greater transparency and cost efficiencies across their supply chain.
The S2B Loan is now available in Standard Chartered’s key markets, with a progressive rollout across the rest of its footprint.
Jia Yu Liao, Global Head of Working capital, said: “With the launch of our working capital and lending capability on S2B, our clients can now view transaction information across their cash, trade and working capital facilities in a single interface. Not only does this offer a faster and more seamless experience for corporates in making better working capital decisions, the move to a paperless process is also a step forward in our journey towards sustainability.”