In order to supply financial processing services to one of Africa’s financial services groups for one year, procurement and technology services provider company Xchanging has announced it has won a new contract from Standard Bank.
As per this agreement, Xchanging will provide its operational expertise in reconciliation, payment processing, origination, and data and document management.
Ken Lever, Chief Executive Officer, Xchanging, stated, We are pleased to be announcing this new contract with Standard Bank. It builds on our domain strength in financial services and also represents our first major customer in Africa.
Peter Wharton Hood, COO, Standard Bank, said, Our aim is to improve our operational efficiencies and enhance customer experience of our services. Standard Bank’s new partnership with Xchanging will help us to deliver this.
Xchanging was selected for its expertise in working with major banks to deliver complex business processing solutions, and for its innovative approach to sharing risk and reward.
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