Standard Chartered Bank, as part of its digitization initiative, recently signed an agreement with T.K. Group of Industries, one of Bangladesh's leading conglomerates, for the use of the Bank's online foreign exchange real time dealing platform known as Straight2Bank Exchange (S2BX).
The agreement will enable T.K. Group to deal foreign exchange online for its valid underlying cross border transactions. T.K. group becomes the first corporate institution to adopt this platform in Bangladesh.
Managing director and head of global banking Naser Ezaz Bijoy reiterated the bank's commitment to lead the way in providing state-of-the-art digital solutions and thanked T.K. Group for partnering with the bank in this initiative.
Director of T.K. group Mahfuzur Rahman appreciated bank's continued effort in bringing innovative solutions to its clients and customers.
S2BX offers exceptional speed of execution and broad currency coverage. It also offers transaction history and accessibility to the foreign exchange market. Standard Chartered's S2BX has been widely adopted by Bangladesh's financial institutions (authorised dealers) in the local interbank foreign exchange market.
Managing Director and Head of Financial Markets of Standard Chartered Bank of Bangladesh Alamgir Morshed and GM of T.K. Group of Industries Akhter Kamal were also present during the signing ceremony.
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