StanChart Launches Straight2Bank

"Straight2Bank has been designed so that it can be scaled according to a client's needs for product simplicity or sophistication, or adapted for anything from a small enterprise to a multinational corporation or financial institution," says Karen Fawcett, group head of transaction banking with Standard Chartered.

The platform runs in a J2EE environment and was built using a three-tier architecture, explains a bank official. Each tier is equipped with load balancing to achieve scalability

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