Bank Muscat to provide Corporate Internet Banking solution to Al Ramooz Group
MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, and Al Ramooz Group have signed an agreement to on-board the group to Bank Muscat’s Corporate Internet Banking platform. The agreement was signed by Tariq Atiq, DGM — Transaction & Public Sector Banking, Bank Muscat and Fahad Saleh al Sahib, General Manager, Al Ramooz Group, recently and comes as part of the bank’s initiative to onboard more corporates to the digital solutions and services provided by the bank.
Corporate Internet Banking is a payments solution, which can take care of all payments of corporate clients in a safe and secure manner. The platform is bilingual (Arabic and English) and is also device and browser agnostic. It allows corporate decision makers to view account details in real-time and download statements as well as the audit trail of transactions. The platform supports various types of transactions including local and international transactions in Omani Rial and foreign currencies, single payments, bulk file uploads for salary and vendor files, in addition to special payments like credit cards payments and bill payments.
Tariq Atiq, DGM — Transaction & Public Sector Banking, Bank Muscat, said: “We are happy to on-board Al Ramooz Group onto our Corporate Internet Banking platform. Bank Muscat is striving hard to help corporates keep pace with rapid technological developments and optimise their performance. The bank is in a position to provide comprehensive, cuttingedge banking solutions to organisations of any size and across all sectors with its large number of innovative online banking products and solutions.”
Fahad Saleh al Sahib, General Manager, Al Ramooz Group, said: “Bank Muscat’s Corporate Internet Banking platform will substantially improve the satisfaction of our different stakeholders. We are happy to partner with Bank Muscat in implementing this cutting-edge financial technology that will greatly enhance our employee efficiency as optimise the performance of our group companies.”
Bank Muscat also offers corporates other tailor-made solutions such as the niche B2B Connect, Remote Deposit Capture and Direct Debit solutions. With the B2B Connect solution, corporates can carry out payment approvals in their ERP and the information can flow to the bank for processing.
Through this solution, institutions can build an efficient and robust payment and reconciliation system. As a trusted banking partner, Bank Muscat remains committed to supporting large corporates and institutions in smoothly transitioning towards efficient technology-focused processes.