NDB recognised for payments and settlements process from Deutsche Bank New York

Wednesday, 29 November 2017 01:13 - - {{hitsCtrl.values.hits}}

NDB Bank’s payments and settlements process which is one of the best in the market has won international recognition for quality, timeliness and straight through processing of international payments effected.

NDB Bank has won US Dollar STP excellence Gold award from Deutsche Bank New York. This recognition is awarded based on strict selection criteria, evaluating many of their correspondent banks. The selection process includes the quality and the quantity of the payments effected by the winning bank and the percentage of payments that qualify to be passed straight through the international payment system without manual intervention. The correct formatting of the messages, accuracy and comprehensive screening for sanctioned or black listed beneficiaries as per the international standards are also assessed. The award reflects the capabilities and the quality of the processing team of the financial institution, with a STP ratio of above 99%.

By winning this award NDB Bank demonstrates to customers and correspondent banks its processing capabilities which are on par with international standards.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.