Standard Chartered Bank and OANDA, a leading currency converter, have extended their relationship to the United States and the United Kingdom. Standard Chartered has been appointed as OANDA’s cash management bank for payments and collections and its foreign exchange (FX) prime broker for its retail FX business globally.
This partnership will enable OANDA to manage its payments and collections through the Bank’s Straight2Bank platform, which offers cloud-based processing services. This will provide OANDA with a one-stop solution for foreign exchange, prime brokerage, payments, collections, and FX hedging. The cloud-based solution will allow for faster service enhancements, enabling OANDA to keep up with the constantly evolving market demands and provide its clients with efficient support.
The cloud-based payment processing solution will also provide OANDA with a flexible and seamless experience, enabling the company to scale and grow efficiently. Automated Clearing House (ACH) in the United States is one such solution that will improve OANDA’s speed to market and offer new payment schemes reliably and securely.
OANDA & Standard Chartered Expand their Partnership
Gavin Bambury, Chief Executive Officer of OANDA, expressed his excitement about the continued partnership, saying, “We look forward to the continued partnership and the opportunity to bank with Standard Chartered across different markets.”
This mandate is a wonderful demonstration of our ability to offer international clients with localized and regional solutions that support their growth ambitions
Karen Hom, MD Transaction SCB Americas
In conclusion, the extension of the relationship between Standard Chartered Bank and OANDA to the United States and the United Kingdom is a positive development for both companies. The cloud-based payment processing solution offered by Standard Chartered will provide OANDA with the ability to efficiently support its retail and corporate clients across the globe, enabling the company to scale and grow efficiently. Standard Chartered Online Banking and the OANDA currency converter will continue to offer localized and regional solutions that support their client’s growth ambitions.