Standard Chartered organized “New Developments in the International Payment Business” Workshop

March 15, 2012 | 13:23
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“New Developments in the International Payment Business” workshop was organised by Standard Chartered today in Hanoi, attracting attention from many of the bank’s customers in Vietnam.

The workshop is a one-day comprehensive introduction to familiarise the bank’s clients on the new developments and trends which are happening in this segment globally. It covers various topics from customised payment platform (CPP), FX conversion, high yield link account, Euro clearing and payments in USD to international compliance issues.

With the ongoing globalisation trend, there is a growing need in international payment business. From over 150 years of experiences in some of the world's most dynamic markets, Standard Chartered Bank has a strong competitive advantage in supporting its banking clients to process their overseas transactions.

T.S. Shankar, Managing Director and Regional Head of Transaction Banking of Standard Chartered Southern Asia, said: “Understanding the needs of our Vietnam banking clients, Standard Chartered Bank commits to bring in our best industry practices in international payments to Vietnam. The workshop today is one among many of our efforts in assisting our clients to gain better understandings about this business segment in order to handle their increasing global trade transactions.

“We are proud to be one of the leading international banks in Vietnam, who are able to offer banking clients with the most advance services, which enable fast, secure and smooth international transactions. We aim to be a long-term and reliable partner with Vietnam banking clients in their global business expansion, to contribute to their sustainable business development, to fulfil our brand promise “Here for good”.”

Standard Chartered is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 staff.

In Vietnam, Standard Chartered’s history can be traced back to 1904 when the bank opened its first branch in Saigon (now Ho Chi Minh City).  

Following the official approval from the State Bank of Vietnam, effective August 1, 2009, Standard Chartered commenced operations in its locally incorporated entity – Standard Chartered Bank (Vietnam) Limited.

Standard Chartered Bank (Vietnam) now has three branches and employs nearly 700 staff. The bank provides a full suite of Wholesale Banking products and services to corporates and financial institutions. It also has Consumer Banking to serve individuals and small and medium enterprises.

By Song Ngoc

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