StanChart offers deposit solution to IDLC Finance

Alamgir Morshed, Director of Financial Institutions at Standard Chartered Bangladesh, and Jamal Uddin, Managing Director of IDLC Finance, recently exchanged signed documents of partnership agreements at the bank’s headquarters in Dhaka. Photo: Standard Chartered Bangladesh

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Alamgir Morshed, Director of Financial Institutions at Standard Chartered Bangladesh, and Jamal Uddin, Managing Director of IDLC Finance, recently exchanged signed documents of partnership agreements at the bank’s headquarters in Dhaka. Photo: Standard Chartered Bangladesh

Standard Chartered Bangladesh recently signed an agreement with IDLC Finance for the latter to use its “Straight2Bank Pay” solution.

IDLC Finance recently launched an online digital deposit service, a press release says.

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The solution will allow the service to act as a single gateway with multiple payment options for collecting deposits from IDLC depositors. The integration of the real-time application programming interface will allow instant transfer of deposit information.

IDLC Finance depositors can also open fixed deposit accounts anywhere, anytime and make payments using the multiple payment options.

Such solutions will enable today’s businesses and financial institutions to digitize collection processes for both online and offline channels, said Alamgir Morshed, Head of Financial Institutions at Standard Chartered Bangladesh.

The service will provide clients with a convenient, reliable and cost-effective option for deposit payments, said Jamal Uddin, Managing Director of IDLC Finance.

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