Bank Muscat leverages future digital banking services for corporates

30/07/2017 06:09 AST

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 & 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.”

Tariq Atiq added: “The technology focus of Bank Muscat is reflected in the largest network of inter-connected 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 helping corporates to make a smooth transition towards efficient tech-focused 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 payments 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 24×7. In addition to managing account, 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.

In order 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 ideal for Government payments as well as online payments.

Bank Muscat Corporate Standard credit card is designed for day-to-day operations of organisations such as travel, entertainment, procurement and online transactions. The card provides access to lounge

Oman Daily Observer