Global Transactional Banking
Stanbic Bank Global Transactional Banking services are designed to meet the specific needs of our Corporate, Institutional and Multi- National clients to enable them effectively manage their banking across borders. Our Global centers of excellence provide our clients with a wider array of financial products that include, but not limited to Credit, Foreign Exchange and Interest rate derivatives, Commodities and Fixed Income.
Our strength in African Currency trading enables us to capture more competitive forex flows and a seamlessly integrated business model offers clients valuable information flow in often “less than transparent” markets.
Africa Transactional Gateway (ATG) – Host to Host
ATG is our innovative and comprehensive technological advanced system that allows our Corporate and Institutional clients using a Shared Service Centre or Centralised Payment Factory to make payments and collections into Africa from anywhere in the world. ATG is based on the ‘Hub and Spoke’ concept, where Standard Bank South Africa (the Hub) serves as a single entry point to receive payment instructions for payments into beneficiaries anywhere in Africa (the Spoke). This innovative system allows for seamless integration with client’s ERP system or Accounting Package, and allows for submission of payment instructions to the Hub in any format via a connectivity platform agreed upon between Standard Bank of South Africa (SBSA) and the sending institution.
Electronic Funds Transfer:
• Bank Cheque Payment: this allows for electronic submission of payment instruction to pay final beneficiary by bank cheque.
• Cash payments: this allows for electronic submission of payment instruction to pay final beneficiary by cash.
• Electronic reconciliation of payments: which is facilitated by automatic generation of audit reports and daily submission of statements
Benefits:
• Cost Efficiency
- Very Low Transaction fee ($ 1 per transaction)
- Low integration cost, accept customer’s existing file format and support multiple formats such as Swift and Host-to-Host
• Reconciliation
- Provide daily statement on customer specific formats
- Detailed statement reference including unpaid amounts
• Flexibility
- Integrate to any ERP system
- Offers multiple connectivity platform
- Supports any format, even if not from an ERP system file such as normal CSV, PSV, etc.
• Security
- Automated transaction processing system
- Secure and Reliable connectivity platform
• Dedicated Single Point of Contact
- Dedicated Client Care desk
- Dedicated Account Executive
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