Standard Chartered has launched a new Mobile Banking service via its one-stop electronic banking platform for corporate and institutional clients, Straight2Bank.
A market leader in delivering innovative banking solutions, Standard Chartered is the first bank to offer an application for Mobile Authorisation. The feature enables on-the-go corporate treasurers to access electronic banking facilities and gives them a secure means of authorising financial transactions with their mobile phones. Straight2Bank Mobile delivers greater speed and convenience to the treasurer as this is a fully mobile application as opposed to other applications which are only accessible via a mobile browser.
With the Mobile Authorisation feature, corporate and institutional clients can authorise transactions locally and across geographical boundaries. This new application gives them the ability to control their cash outflows anytime, anywhere, without having to connect online. This is currently being supported in 16 countries across Asia and the Middle East, with more countries scheduled to be added later this year.
“Time to market is key in today’s business environment,” says Neal Livingston, global head of client access, transaction banking, Standard Chartered Bank. “Having the ability to manage resources efficiently will enable companies to maximise their returns. This new Mobile Banking service gives our corporate clients instant access to the latest information on transactions anytime, anywhere. This effectively minimises transaction lag time, allowing clients to make the most of their working capital and manage liquidity efficiently and at their own convenience.”
To access the new Mobile Banking service, corporate and institutional clients would need to be a Straight2Bank user. The set-up process is hassle-free and allows clients to start using the service within minutes. After registering for Mobile Banking, users have to download an application onto their mobile device to receive authorisation requests complete with reference ID, payment type, amount and beneficiary name. Upon verifying this information, the authoriser can begin approving important payments and receive confirmation notices instantly via their mobile phone.
To safeguard the interests of Mobile Banking users, stringent security measures have been put in place to ensure the secure delivery and confirmation of transaction authorisations. Clients can therefore enjoy peace of mind transacting with the Mobile Banking service at their convenience.
Mobile Authorisation is the first feature to be launched under Standard Chartered’s Mobile Banking service via Straight2bank. In the coming months, a range of new features will be included.
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