Standard Chartered signs agreement with TMSS

Standard Chartered Bank, Bangladesh has recently inked an agreement with TMSS to digitize and automate TMSS’s cash management requirements covering collections and payments from its branches and subsequent reconciliation.

Standard Chartered is proud to partner with TMSS, an early adopter of innovation in cash management, to introduce automation and efficiency in their payment and collection process, said a press release on Thursday.

Prof. Dr Hosne Ara Begum, the Founder Executive Director of TMSS and Alamgir Morshed, Managing Director and Head of Financial Institution, Standard Chartered Bank Bangladesh signed the agreement from respective sides.

Md Abdul Quader, Deputy Executive Director of Standard Chartered Bank, Farheen Rahman, Director Development Organizations, among others, were present.

According to the release, both the organizations have also agreed to implement Host to Host (H2H) connectivity between Standard Chartered and TMSS’s ERP systems. This removes the need for any manual intervention on TMSS’s side and having to access multiple systems. All banking information is automatically made available to TMSS’s ERP system.