Standard Chartered boosts cash management offering with multibank connectivity service

It offers real-time visibility, access, and control of cash holdings to companies.

Standard Chartered has teamed up with Singapore-headquartered fintech Starfish Digital to introduce a multibank connectivity service automating cash management processes.

The service automated cash management processes and enables companies to achieve real time visibility, access, and control of their cash holdings.

The new service aims to support SC’s corporate clients in establishing a speedy, seamless connectivity between their systems and multiple banking relationships.

Starfish Digital’s Software-as-a-Service platform, Starfish Connect, provides the connection between any corporate finance, ERP and treasury management system to any corporate banking service. With this, Standard Chartered will be able to provide corporate clients the critical information to reconcile their account balances, transactions, and payments, and as a result, achieve improved control and visibility.

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“We understand from our multinational corporate clients their demand for a seamless solution that digitises all their banking relationships, to give them a more complete picture of their cash positions and forecast cash flows with better accuracy,” said Janet Thomas, global head of strategic platform partnerships at Standard Chartered.

“Our partnership with Starfish Digital allows us to directly respond to this need, by offering a plug-and-play solution that provides a real-time treasury experience. This further complements our growing suite of business-critical APIs available via aXess, our open banking platform,” Thomas said.