Monday, October 2, 2023

Standard Chartered Sri Lanka receives global recognition with prestigious industry accolades

Tributes establish the Bank as one of the leading financial institutions in Sri Lanka

Standard Chartered Sri Lanka recently received multiple international awards, establishing industry excellence as a trailblazer across regional levels in Asia Pacific and South Asia.

Displaying its strength at ‘The Asset Triple A Treasury, Trade, SSC and Risk Management Awards 2022’, the Bank took home awards for ‘Best Service Providers for Cash Management in Sri Lanka’ and ‘Best Service Providers for Trade Finance in Sri Lanka’. Standard Chartered Sri Lanka also bagged the title for ‘Best Payments and Collections Solution’, which was awarded for an API-based solution for Digital Mobility Solutions Lanka (PickMe) to enable instant payments.

Additionally, the Bank was awarded the sought-after ‘Best Sub-custodian in South Asia for Sri Lanka’ title for the fourth consecutive year at ‘The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2022’ presentation.

“As our teams work with some of the largest corporates in Sri Lanka, our deep market relations and leadership has been demonstrated in the advocacy work and contributed to our continuous year-on-year growth. We will continue to invest in technology platforms, alliances, and networks to complement our client-centric service culture and deliver the best client experience,” said Roger Norton, Head, Transaction Banking, Standard Chartered Sri Lanka.

The Global Finance Best Sub-Custodian Bank Awards 2022, which honours organisations that offer innovative ideas, efficient solutions and sage advice, named Standard Chartered as the ‘Best Sub-custodian Bank in Sri Lanka’ for its initiative to offer digital solutions for custody and operational resilience during the challenging pandemic times.

Voicing his thoughts on the outstanding recognition in the global financial community, Bingumal Thewarathanthri, CEO, Standard Chartered Sri Lanka said, “The ‘Here for good’ values we uphold at Standard Chartered have supported our teams to embark on a quest to adopt digitalisation to build resilience, efficiency and achieve transformative growth, despite having to operate in a challenging environment. These global recognitions reflect our team’s commitment to innovate for our clients across the region, who have placed their trust in the Bank to meet their ever-evolving needs.”

Global Finance’s 2022 Best Sub-custodian Bank Awards were evaluated based on market research, input from expert sources and entries from banks to select the institutions that reliably provide the best services in local markets and regions. The performance of sub-custodian services was judged over the period covering January 1, 2021, through December 31, 2021.

The Asset Triple A Treasury, Trade, SSC (Sustainable Supply Chain) and Risk Management Awards are awarded annually to companies and financial institutions that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and/or risk management. All award submissions were assessed by The Asset Board of Editors based on inputs provided by clients, business statistics during the review period and information gathered during pitch meetings or calls.

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