StanChart, MSC join hands for digital payment
Standard Chartered Bangladesh recently signed an agreement with MSC Mediterranean Shipping Company Bangladesh Limited (MSC) enabling MSC to process local payments with ease.
The bank's tailormade end-to-end solution not only upgrades MSC's payments and collections interface but also addresses the bank's broader objective to introduce and implement cash management facilities that focus on technology innovation, process consolidation, and faster turnaround times as a catalyst for better client experiences.
The bank's effort to design a solution of this kind is a first for the nation's shipping industry – setting the standard for digital transformation and future-fitness. An event was organised to inaugurate the newly designed digital solution, said a press release.
"By re-engineering end-to-end cash management processes and adopting best-in-class practices at each step, Standard Chartered is able to offer comprehensive solutions for all our clients. We are proud to partner with MSC and look forward to growing our relationship," said Luthful Arefin Khan, head of transaction banking of Standard Chartered Bangladesh.
"The solution will improve our payment and collection processes and reconciliation time," said ATM Anisul Millat, chief financial officer of MSC.
Shamim Iqbal, head of client coverage, Chattogram of the bank, and Rashed Karim, general manager (finance and accounts) of MSC, along with others from both organisations were present.
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