The Standard Chartered Bangladesh has launched the country’s first Digital Trade Counter, an online ‘drop-off’ counter allowing its clients to submit trade transaction applications and related documents.
In a press release on Wednesday, the bank said the innovative, secure and self-reliant platform would allow corporate clients access a paperless, simpler, smarter application and management flow.
“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,” said Standard Chartered Bangladesh Chief Executive Officer Naser Ezaz Bijoy, said.
“I am sure our clients will benefit from the seamless application process that this Digital Trade Counter will enable,” he added.
Using the digital counter, clients can upload their instructions to bank from anywhere in the world. The data on the hard copy forms uploaded on this counter will automatically flows into the bank’s system and get registered. There is no “waiting time” for registering of the transaction, the statement added.
The Digital Trade Counter also has other unique features, such as 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, the bank said.
