OAB launches corporate Internet Banking platform

In a significant leap forward for business online banking, Oman Arab Bank (OAB) has launched its innovative Corporate Internet Banking platform (CIB), designed to bolster government and corporate clients with financial management capabilities.

Unveiled during OAB’S annual Merchant Event, which brought together over 700 industry leaders, this latest addition to OAB’S corporate solutions aims to further foster a collaborative and supportive environment between the bank and the business community, a press release said.

The newly launched CIB platform offers significant advantages for businesses and business owners, focusing on enhancing financial management and operational efficiency. With key features including bulk payment processing, account reconciliation, card management, personalised dashboard and capable of handling Board resolutions, the platform enables businesses to make quicker and more informed financial decisions, contributing to improved performance and growth.

Moreover, it provides stateof-the-art security features such as encryption, multi factor authentication, transaction verification ensuring the safety and integrity of their transactions and information. This emphasis on operational efficiency, rapid decision-making, and security demonstrates OAB'S dedication to empowering businesses with tools that are not only technologically advanced but also strategically focused on growth.

Sulaiman al Harthi, CEO of Oman Arab Bank, said, "Our new CIB Platform is a key milestone in our digital transformation journey. It underscores our belief in the power of partnerships, enabling us to deliver a solution that meets our clients' needs and drives shared growth.”