OANDA Mandates Standard Chartered Bank as its Cash Management Company and FX Prime Broker

OANDA will now be able to use Standard Chartered's online banking platform, Straight2Bank, for corporate and institutional customers, to manage payments and collections processes across different regions through a streamlined cloud-based processing service.

Gavin Bambury, CEO of OANDA, said, “Standard Chartereds ability to offer a one stop Cloud-based solution that encompasses foreign exchange, prime brokerage, payments, collections, and FX hedging is aligned with our mission to efficiently support our retail and corporate clients across the globe. We look forward to the continued partnership and the opportunity to bank with them across different markets.”

Karen Hom, Managing Director of Transaction Banking at Standard Chartered Americas, said: “This mandate is a wonderful demonstration of our ability to offer international clients with localized and regional solutions that support their growth ambitions. As treasury teams seek flexible and seamless processing experiences, Cloud-based payment solutions will offer forward-looking companies like OANDA - the opportunity to scale and grow efficiently.”

In addition, OANDA has further expanded its digital asset business. In October last year, the company launched a new cryptocurrency trading product in the United States.