Suguna Food avails StanChart services

Standard Chartered Bangladesh has established a host-to-host integration solution for multinational feed company Suguna Food and Feeds Bangladesh Private (Suguna).

Suguna will be able to process domestic payments from their “Enterprise Resource Planning” system and have access to all required management information system reports directly from Standard Chartered’s digital banking channel, Straight2Bank.
The connectivity will be routed through the bank’s “Universal Adaptor” solution which would enable Suguna to define their own file templates or use pre-defined ones, and send transaction messages to the bank through Straight2Bank access and Straight2Bank web channels.
Luthful Arefin Khan, country head of transaction banking at Standard Chartered Bangladesh, and Soundararajan Bangarusamy, chairman of Suguna Foods and Suguna Holdings, inaugurated the connectivity on the Suguna premises yesterday, said a press release.
“… (the solution) significantly reduced the implementation resource, time, and effort required to complete this integration – resulting in minimum disruptions to our day-to-day treasury management,” said Bangarusamy.
“…over 80 clients nationwide are currently enjoying the benefits,” said Khan.
Source: thedailystar