One of the first digital banks has been set up by Standard Chartered Bank at Dolmen Mall in Karachi. This digital bank will provide the clients an opportunity to experience the banking services with the online banking kiosk, ATM, CDM and CDK machines. In addition, it will also provide digital product posters, electronic media wall and a touch screen notice board. A state-of-the-art iDesk is also installed at the branch, which will provide information for them to browse. Information related to product promotions, brochures for the complete product suite, branch and an ATM directory.
Standard Chartered plans to set up these branches in Islamabad and Lahore also. It has already set up digital branches in many countries around the world. Its branch in Pakistan is expected to receive a good response as more and more people are turning towards the internet services. It has already installed hi-tech machines at the various branches in Pakistan.
Standard Chartered is shutting its conventional branches and is shifting towards digital banking. It has implemented a multi-channel strategy. This step will socialize personal banking and expand the client’s digital lifestyle into banking. It has become a leader in the IBFT transactions through digital channels with the best ATM and Online banking solutions in the industry.