By CHINEDU IBEABUCHI

Standard Chartered Nigeria said it had launched a product  which will offer total banking convenience to SME customers to better manage their accounts and process payroll online in the comfort of their offices.

The product, according to the bank, is designed for business entities (SMEs and other Corporates) and a fully integrated internet banking service for all business transaction needs of customers.

In a statement by Diran Olojo, Head, Corporate Affairs of the bank, the product will enable real-time internet access to account balances and statements anywhere in the world, and the rigour of banking the usual way.

He said that the product is an online tool that enables efficient cash flow management and frees up time hitherto spent by SME customers so they can invest it in seeking new growth opportunities and building more successful businesses.

“Straight2Bank is user friendly and allows customers perform banking transactions such as local and international payments, trade initiation, mobile authorization of payments etc with ease.

“Customers can also view statements on real-time basis and make direct debits via online across banks. Security of transactions is also guaranteed as Stratight2Bank incorporates the highest level of encryption and two factor authentications to ensure control over financial data,” he said.

Commenting on the new service offering, Bola Adesola, Managing Director and Chief Executive Officer of Standard Chartered Bank Nigeria Ltd said, “At Standard Chartered, our focus is to provide banking with convenience for our customers. Today’s consumers are tech-savvy and mobile.

“They want banking that not only meets their financial needs but also anticipates them. We believe that technology has to be useful, intuitive and most importantly seamless; we continue to transform our business and invest for long-term growth, with a focus on digital technologies that we believe will shape the future of banking.

“The Straight2Bank platform revolves around the customer. With enhanced security features, Straight2Bank offers both flexibility and peace-of-mind for our esteemed customers. Digitization has become the benchmark for success globally and we want to lead the way in this regard,” he said.