HSBC signs deal with DBL group to facilitate H2H integration solution

HSBC Bangladesh signed a mandate for Host-to-Host (H2H) Integration Solution with DBL Group as a part of its effort to give the clients greater financial flexibility to meet their increasingly sophisticated business needs.

The agreement was signed at DBL Group’s corporate office recently. DBL Group Managing Director MA Jabbar, Head of CMB International Countries, HSBC Asia Pacific, Stuart Rogers and seniors from both the organisations were present during the signing ceremony, said a press release.

HSBC’s state of art H2H solution is a fully automated single interface offering a wide range of HSBC banking services. The widely compatible solution can be fully integrated with clients’ existing industry standard Enterprise Resource Planning’s (ERP) to further streamline work processes. The integration improves straight-through processing capabilities and automates client’s reconciliation and treasury activities.

Commenting on the integration, Stuart Rogers said, “A fully automated Host-to-Host solution will streamline our customer’s working processes with less operating risk and maximum efficiency. This digital service will enable DBL Group to process a variety of local payments directly from their ERP system. This will improve DBL Group’s straight-through processing capabilities by integrating directly with their in-house systems and automating the Group’s total payments, receivables and treasury functions”.

MA Jabbar said, “Our company thrives on attaining efficiency in a sustainable manner. We continuously invest in technology and HSBC’s paperless solution will help us further align with the sustainability pillars we have set and methodically follow in our everyday operations”.

HSBC Bangladesh has a wide range of cash and liquidity management solutions across payables, receivables, clearing and foreign currency, liquidity, liability and investments. The Bank has been voted ‘Market Leader’ in Bangladesh for the twelfth time and the ‘Best Service’ in Bangladesh for four years in a row, in the Euromoney Cash Management Survey. HSBC Bangladesh is invested in continuing the momentum by providing clients with more digital solutions in future.