Standard Chartered launches digital trade counter

Standard Chartered Bangladesh has launched "Digital Trade Counter", where clients can submit trade transaction applications and related documents.

This online "drop-off" counter is a secured and self-reliant platform and corporate clients can access a paperless, simpler, smarter application and management flow through this solution, it said in a press release today.

Naser Ezaz Bijoy, chief executive officer of Standard Chartered Bangladesh, said, "Digitising trade is a critical lever to accelerate economic development and improve productivity. In our mission to pioneer a frictionless banking experience, we have introduced yet another digital tool, the Digital Trade Counter."

"I am sure our clients will benefit from the seamless application process that this Digital Trade Counter will enable."

The clients can upload their instructions to bank through this counter from anywhere in the world. Besides, the data on the hard copy forms uploaded on the counter, automatically flows into the bank's system and gets registered, according to the press release.

There is no "waiting time" for registering of the transaction. This is an interactive platform, that also informs the clients if any additional documents or information is required to complete the transaction and the clients can then respond to the Bank through this same channel, it said.

This counter has other unique features that give the clients many conveniences including shorter turn-around time, real-time transaction tracking, one single page to complete the entire application and enhanced security with an audit trail to ensure full transparency.