Standard Chartered will offer clients an extensive range of cash management services out of London and Frankfurt covering the UK and Eurozone countries, following investment in a new cash management infrastructure.
The infrastructure is scheduled for completion in mid-2020, and in addition to existing high- value clearing, transactional FX and pooling services the bank currently offers, it is developing additional services including: virtual accounts, enhanced pooling and liquidity services, API capabilities, low-value clearing and UK Faster Payments.