SCB improves digital banking offering

British banking giant Standard Chartered has enhanced its digital banking suite to better serve clients in the Philippines.

Standard Chartered Bank (SCB), the first foreign bank to set up shop in the country, recently launched an integrated foreign exchange payment service for local institutional clients. The service is embedded in the payment processing workflow.

The new offering, called Straight2Bank Foreign Exchange, is seen to offer an efficient option for foreign exchange settlement. Payment instructions can be initiated from a single centralized account and settled across over 15 payment currencies.

The foreign exchange is booked either by an auto-booking functionally with…

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