Standard Chartered’s Straight2Bank launches working capital, loan services

Clients can initiate and approve new loan drawdowns and rollover requests.

Standard Chartered’s transaction banking platform Straight2Bank (S2B) has launched the working capital and lending capabilities.

Through the S2B Loan, clients can initiate and approve new loan drawdown and rollover requests.

Clients can also have a real time view of their facility’s limits and utilisations, as well as track the maturities of their outstanding transactions and repayments dates. This is expected to give clients greater transparency and cost efficiencies across their supply chain.  

The S2B Loan is now available in Standard Chartered’s key markets, with a progressive roll out across the rest of its footprint. 

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