Standard Chartered Bangladesh (StanChart) recently signed an agreement with Berger Paints Bangladesh Limited (Berger Paint) to automate Berger Paints local payments. The Host-to-Host solution (H2H) will enable Berger Paints to process domestic payments directly from their Enterprise Resource Planning (ERP) system - without any manual intervention. StanChart was the first bank in Bangladesh to pioneer the implementation of Host-to-Host integration to digitise cash management for a variety of clients and is now supporting the countrys largest paint manufacturer to embark on a cashless journey, says a press release. StanCharts Host-to-Host solution enables direct integration between the Bank and corporate systems - facilitating automated processing and leading to greater operational efficiency, improved productivity, and effective working capital management. It is a secure automated solution for high volume data transfer between the Bank and its clients. Sophisticated Host-to-Host connectivity gives clients the flexibility to access payment reports that align with preferred file formats, network protocols, and security standards.
Luthful Arefin Khan, Head of Transaction Banking, StanChart Bangladesh, said: "We are grateful to play a role moving the needle forward for Berger Paints Bangladesh Limited as they set out on their digital cash management journey - we look forward to seeing what lies ahead." Sazzad Rahim Chowdhury, Chief Financial Officer and Director, Berger Paints, said: "I would like to thank Standard Chartered Bangladesh and wish them all the best for keeping their clients business interests as the highest priority." A signing ceremony to inaugurate the Host-to-Host connectivity was held Berger Paints Bangladesh Limiteds Head Office in Uttara. The event was attended by senior officials from StanChart and Berger Paints. With over 119 years of uninterrupted presence in the nation, Standard Chartered Bangladesh is the only multinational universal bank in Bangladesh. With the entry of Berger Paints into the Bangladesh market, the country has been able to benefit from more than 250 years of global paint industry experience.
