Standard Chartered Bangladesh (SCB) and LankaBangla Securities Limited (LBSL) have launched the nation’s first ever digital collection solution for clients with real time reconciliation through Application Programming Interface (API) integration, a press release said Saturday.
his newly introduced digital platform will enable capital market investors to transfer funds to their Beneficiary Owners (BO) Account with ease and will provide users with the ability to seamlessly purchase and sell stocks on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE).
By leveraging the Bank’s Virtual Account for Collection solution with API connectivity, LBSL can now acquire detailed information about their clients against their chosen payment method, and use said data to complete the reconciliation process automatically and immediately. This real-time solution will eliminate delays and provide LBSL with a significant efficiency boost by reducing client servicing turn-around time and operational risk, while providing enhanced data security.
Enamul Haque, MD and head of client coverage, CCIB, SCB, said, “Embracing digitalisation in the brokerage industry will catalyse capital market growth in Bangladesh by simplifying stock trading and by saving investor’s valuable time.”
KhandokerSaffat Reza, CEO and director, LBSL, said, “As a pioneer in capital market intermediaries, LBSL has always been anearly adopter of different innovative and value-added technologies and services to provide the best service to valued clients for a smooth investment experience.”
