Bank Mus­cat launches B2B con­nect plat­form

Banking Frontiers - - Banking In The Gulf -

Oman’s Bank Mus­cat is strength­en­ing its cor­po­rate bank­ing ser­vices us­ing dig­i­ti­za­tion and tech­nol­ogy. It has taken up a dig­i­tal trans­for­ma­tion pro­gram con­sist­ing of a B2B con­nect plat­form to ad­dress the dy­namic busi­ness re­quire­ments of gov­ern­ment and cor­po­rate en­ti­ties, re­mote de­posit cap­ture, an on­line cheque clearing so­lu­tion that as­sists in faster clear­ance and ef­fi­cien­cies in ac­count re­ceiv­ables and a di­rect debit so­lu­tion al­low­ing in­sti­tu­tions to di­rectly source funds from their cus­tomer ac­counts based on a mu­tu­ally agreed man­date. The bank said the plat­form al­lows man­ag­ing ac­counts, cor­po­rate on­line bank­ing plat­form fa­cil­i­tates, real time ac­count de­tails, etc.

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