{"id":2598,"date":"2026-01-20T17:46:25","date_gmt":"2026-01-20T17:46:25","guid":{"rendered":"https:\/\/malaysian-business.com\/wptest\/2026\/01\/20\/standard-chartered-malaysia-appointed-partner-of-astros-in-house-bank\/"},"modified":"2026-01-23T17:55:25","modified_gmt":"2026-01-23T17:55:25","slug":"standard-chartered-malaysia-appointed-partner-of-astros-in-house-bank","status":"publish","type":"post","link":"https:\/\/malaysian-business.com\/portal\/2026\/01\/20\/standard-chartered-malaysia-appointed-partner-of-astros-in-house-bank\/","title":{"rendered":"Standard Chartered Malaysia appointed partner of Astro\u2019s In-House Bank"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Standard Chartered Malaysia \u00a0has been appointed as the partner for Astro Malaysia Holdings Berhad\u2019s In-House Bank (IHB).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">IHB is a sophisticated treasury operations model which is designed to deliver banking services such as cash and foreign exchange management, funding and working capital to business units within an organisation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The partnership enables Standard Chartered Malaysia to provide Astro with an integrated solution to further digitise its payables and receivables function for shorter processing time. Additionally, both parties also collaborated on reducing manual processes to improve Astro\u2019s operational efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe have made significant investments in technology and services that can greatly assist the\u00a0<\/span><span style=\"font-weight: 400;\">efficient operation of Astro\u2019s In-House Bank.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIn a fast-paced business environment, streamlining processes is a crucial part to ensuring transactions are done in the most efficient and secure manner and we are pleased to be able to help Astro do just that,\u201d said Standard Chartered Malaysia head of transaction banking, Wong Hooi Ching, adding that the appointment serves as a testament to the Bank\u2019s capabilities and client-centric approach. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Latifah Mohamed Yusof, Group Treasurer, Astro Malaysia Holdings Berhad explained, \u201cAn In-<\/span><span style=\"font-weight: 400;\">House bank model will benefit Astro in terms of savings on foreign exchange and remittance costs as well as increased process standardisation, higher efficiency, improved visibility and\u00a0<\/span><span style=\"font-weight: 400;\">better control over its cash position. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are pleased to partner with Standard Chartered due to the bank\u2019s ability to integrate with our existing treasury management system, clear end-to-end implementation approach and commitment to deliver of an experienced team\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bank also established within Astro some of its latest banking offerings such as virtual\u00a0<\/span><span style=\"font-weight: 400;\">accounts with an automated reconciliation structure, which is an effective way to simplify\u00a0<\/span><span style=\"font-weight: 400;\">liquidity management, reduce physical bank accounts and at the same time, streamline\u00a0<\/span><span style=\"font-weight: 400;\">resources.<\/span><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered Malaysia \u00a0has been appointed as the partner for Astro Malaysia Holdings Berhad\u2019s In-House Bank (IHB). IHB is a sophisticated treasury operations model which is designed to deliver banking services such as cash and foreign exchange management, funding and working capital to business units within an organisation. The partnership enables Standard Chartered Malaysia to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-2598","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=2598"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2598\/revisions"}],"predecessor-version":[{"id":4054,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2598\/revisions\/4054"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=2598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=2598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=2598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}