Xchanging, a business process, procurement and technology services provider, will supply financial processing services to Standard Bank under a one-year contract.
Xchanging will provide its operational expertise in reconciliation, payment processing, origination, and data and document management.
Ken Lever, CEO of Xchanging, commented: “We are pleased to be announcing this new contract with Standard Bank. It builds on our domain strength in Financial Services and also represents our first major customer in Africa.”