Standard Chartered has launched Trade Track-It, a digital trade transaction portal providing 24/7, near real-time end-to-end visibility of trade transaction status globally.
Using the new solution, clients no longer need to contact the bank to learn the status of their trade transactions, saving considerable time. The integration of DHL’s tracking system also means that only a single portal needs to be used through the Straight2Bank platform, providing access to trade document delivery.
Clients will also be able to use vessel tracking, using Lloyd’s List Intelligence’s service, providing near real-time visibility of ocean shipments’ geo-locations.
In line with Standard Charter’s sustainability goals, Trade Track-It also includes a sustainability indicator. This allows clients to track whether their trade transactions meet the bank’s sustainable trade finance standards.
Samuel Mathew, global head of flow and financial institution trade at Standard Chartered, says: “Trade Track-It complements our existing client service channels by providing service channel optionality to clients. The digital portal also empowers our clients to make informed business decisions more quickly, with one-stop access to the trade transaction information they need to better facilitate trade flows in an efficient and transparent manner.
“The inclusion of a sustainability indicator further demonstrates our commitment to support our clients in achieving their own sustainability agendas.”
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