Banking · Technology in Retail Banking
The term 'Straight Through Processing' (STP) in digital and retail banking technology primarily refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A specialized processing protocol designed exclusively for high-value corporate loan applications.
- 2Automated and seamless processing of a transaction from initiation to completion without manual intervention.✓
- 3A process requiring multiple physical approvals for a single financial transaction.
- 4Processing a transaction through a legacy, paper-based manual system.
Correct answer
Automated and seamless processing of a transaction from initiation to completion without manual intervention.
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