The Asian Banker

StanChart China launches Universal Adaptor solution
Aug 19, 2013

Shanghai, August 14th 2013 - Standard Chartered Bank (China) Limited has recently launched "Universal Adaptor" - an innovative online tool that allows the Bank's corporate clients to define their own file templates or use pre-defined ones, and send transaction messages to the Bank through Straight2Bank Access (host-to-host ) and Straight2Bank Web channels .

Universal Adapter simplifies the integration between clients and the Bank, enhancing efficiency in financial process management. The online solution significantly reduces cost, time and resources while offering to corporate clients the flexibility to use the file format of their choice to integrate with the bank.

The adoption of the Universal Adapter by Walsin Lihwa, a Taiwan corporation, is a prime example of how clients can benefit from Universal Adaptor through quick and easy integration supported by features such as character conversion from Traditional Chinese to Simplified Chinese and a library of readily available formats from banks, major ERPs and industry standards.

Anthony Lin, Managing Director, Head of Transaction Banking, Standard Chartered Bank (China) Limited, said, "We are very glad to see that Universal Adaptor is welcomed by our clients. As digital technology evolves, it is becoming increasingly important for banks to come up with more flexible, convenient, and tailor-made solutions. Universal Adaptor is an integrated solution combining easy and flexible file mapping with automated character conversion for payment instructions. Standard Chartered is always at the forefront of technology development, and will continue to lead the market by offering more innovative financial solutions for our clients."


Re-disseminated by The Asian Banker

Categories: Technology & Operations
Keywords: Standard Chartered Bank China

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