Standard Chartered Bank has been appointed as OANDA’s cash management bank for payments and collections in the United States and United Kingdom; an extension of an existing relationship covering the Singapore market. The Bank has also been mandated as OANDA’s foreign exchange prime broker for its retail FX business internationally.
Through this mandate, OANDA will be able to manage its payments and collections through streamlined Cloud-based processing services across various geographies via Standard Chartered’ s Straight2Bank platform.
With Cloud-based payment processing solutions such as FED ACH in the United States, OANDA will be able to improve its speed to market through faster service enhancements and the potential to apply to new payment schemes reliably and securely.
“Standard Chartered’s ability to offer…
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