Bank Mus­cat lever­ages fu­ture dig­i­tal bank­ing ser­vices for cor­po­rates

Muscat Daily - - PRESS RELEASES -

With dig­i­tal tech­nol­ogy be­com­ing im­per­a­tive for cor­po­rates to do suc­cess­ful busi­ness, Bank Mus­cat, the flag­ship fi­nan­cial ser­vices provider in the sul­tanate, is firmly po­si­tioned to lever­age on the fu­ture trans­ac­tion and dig­i­tal bank­ing re­quire­ments for cor­po­rates. In line with its ‘Let’s Do More’ vi­sion and com­mit­ment to part­ner­ship in en­hanc­ing in­no­va­tive bank­ing ser­vices, the bank has in­tro­duced in­no­va­tive so­lu­tions to sup­port clients in do­ing busi­ness ef­fi­ciently con­nected with ven­dors and cus­tomers.

As the trusted bank­ing part­ner in Oman, Bank Mus­cat is com­mit­ted to sup­port­ing gov­ern­ment en­ti­ties and cor­po­rates to make a mark in dig­i­tal­i­sa­tion to drive their ser­vices and busi­ness en­vi­ron­ment. Bank Mus­cat pro­cesses and tech­nol­ogy are de­signed to drive fu­ture cor­po­rate trans­ac­tions and dig­i­tal bank­ing re­quire­ments.

Tariq Atiq, DGM - Trans­ac­tion and Public Sec­tor Bank­ing - Whole­sale Bank­ing Group, said, “When com­pa­nies un­der­stand the big pic­ture for busi­ness and its vi­sion for the fu­ture, they can more eas­ily com­pre­hend and sup­port the need to adopt new tech­nolo­gies. In line with the tech­no­log­i­cal trends in the bank­ing world, Bank Mus­cat is fo­cused on in­no­va­tive tech­nol­ogy-based bank­ing chan­nels in the sul­tanate.”

Atiq added, “The tech­nol­ogy fo­cus of Bank Mus­cat is re­flected in the largest net­work of in­ter­con­nected branches, pay­ment gate­ways, cards, mer­chant ser­vices, al­ter­nate chan­nels of ATMs, CDMs, on­line and mo­bile bank­ing as well as con­nec­tiv­ity with util­ity ser­vice providers. Bank Mus­cat is fo­cused on help- ing cor­po­rates make a smooth tran­si­tion to­wards ef­fi­cient tech­fo­cused pro­cesses and ride the waves of tech­nol­ogy to their ad­van­tage. The bank looks for­ward to stronger part­ner­ship with cor­po­rate clients and thereby con­trib­ute to the progress and de­vel­op­ment of the na­tion.”

Bank Mus­cat prod­ucts and ser­vices are up­dated in line with the re­quire­ments of cor­po­rates at­tuned to au­toma­tion and dig­i­tal­i­sa­tion. Tak­ing this into ac­count, Bank Mus­cat has aligned its strate­gic plan for a com­plete dig­i­tal trans­ac­tion bank­ing plat­form, which will take care of all cur­rent and fu­ture re­quire­ments of cor­po­rates and al­low or­gan­i­sa­tions to ef­fi­ciently per­form its daily op­er­a­tions and take in­for­ma­tive strate­gic de­ci­sions to grow their com­pa­nies.

The plat­form al­lows cor­po­rates to han­dle their re­ceiv­ables and pay­ment re­quire­ments, con­nect with ven­dors and pro­vide eas­ier pay­ment so­lu­tions to cus­tomers. The plat­form also pro­vides a range of so­lu­tions in liq­uid­ity man­age­ment and al­lows cor­po­ra­tions to per­form pay­roll trans­ac­tions though a fully au­to­mated straight through process.

The Bank Mus­cat cor­po­rate on­line bank­ing plat­form al­lows cor­po­rates to con­trol their fi­nances 24x7. In ad­di­tion to man­ag­ing ac­count, the cor­po­rate on­line bank­ing plat­form helps with real time in­for­ma­tion of ac­count de­tails, trans­ac­tional ca­pa­bil­i­ties in lo­cal or for­eign currencies as well as bulk pay­ments. The on­line bank­ing plat­form acts as a dig­i­tal dash­board to pro­vide in­tel­li­gent in­for­ma­tion for mak­ing crit­i­cal de­ci­sions. Most im­por­tantly, the on­line bank­ing plat­form is built us­ing the lat­est tech­nolo­gies with world-class se­cu­rity features like en­cryp­tion, dual au­then­ti­ca­tion and vir­tual key­boards.

To en­hance fi­nan­cial flex­i­bil­ity with greater user ex­pe­ri­ence, su­pe­rior pay­ment con­trols and easy to ac­cess to MIS re­ports, Bank Mus­cat offers three cor­po­rate credit cards. The Visa cor­po­rate cards with self-ser­vice features fa­cil­i­tate user friendly MIS re­ports to track cor­po­rate ex­pen­di­ture data. The unique features in­clude state-of-the-art card ex­pen­di­ture con­trol tool, Chip and PIN for greater se­cu­rity, world­wide ac­cep­tance, and be­ing ideal for gov­ern­ment pay­ments as well as on­line pay­ments.

Atiq added, “The suite of cor­po­rate cards by Bank Mus­cat is de­signed to meet the evolv­ing needs of cor­po­rate pay­ments. With rapid tech­no­log­i­cal changes, the way cor­po­rates re­spond will de­ter­mine their fu­ture; there­fore, it is im­por­tant for the man­age­ment of or­gan­i­sa­tions to fore­see the fu­ture and take fu­tur­is­tic steps to­wards dig­i­tal­i­sa­tion. Bank Mus­cat has the right tech­nol­ogy, process and ex­per­tise for dig­i­tal trans­ac­tional bank­ing.”

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