Leading with innovative
products and services
Launching Saadiq in major markets
Through Saadiq, our global Islamic Banking brand which means truthful, we aim to capitalise on the growing demand for Islamic Banking and financial services for the benefit of our customers and stakeholders. We launched Saadiq in the UAE, Malaysia, Pakistan and Bangladesh in 2007. The launch was supported by a combination of policies and incentives that were put in place by governments and regulators in these markets.
Starting US dollar China-bound payment service
The increasing importance of China to the global economy has attracted a lot of attention to US dollar payments into China. We identified this as a gap and promptly offered our clients the US dollar China-bound payment service with real-time access to New York payment systems. Through this service, we aim to streamline the end-to-end process, reducing turnaround time and allowing payments to reach the beneficiary within the local business day.
Straight2Bank is our one-stop proprietary electronic banking channel for corporate and institutional clients. The fully integrated end-to-end platform provides cash, trade and securities services through a single sign-on access. The enhancements provide clients with streamlined and straight-through processing of transactions, resulting in significant operating efficiencies and cost savings. This platform can be accessed by our clients from any location.
Islamic Banking products developed
Global US dollar transactions cleared daily by Standard Chartered in New York
Growth in client base with trade facility as a result of Straight2Bank