05/08/2020 11:17 AST

The National Bank of Bahrain (NBB) has partnered with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, to adopt the Finacle Cash Management Suite, which will allow the bank to digitally transform its transaction banking business.

The adoption of the suite will allow the bank to offer a comprehensive range of services to corporate customers, while providing them with seamless access to a range of digital cash management services, such as self-service mode and the ability to streamline payments. This new development will also enable NBB to manage customer preferences and entitlements more effectively across channels.

Hisham Al Kurdi, Chief Executive - Corporate and Institutional Investment Banking at NBB said, “This partnership comes as part of NBB’s digital transformation, with the upgrades provided by the suite set to further enhance the seamless service already provided to the Bank’s client. “The front-to-back integrated cash management solution from Infosys Finacle will help deliver a world-class banking experience to our corporate and institutional customers, thereby driving the growth of our transaction banking business even further.”

Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle, said: “We are happy to extend our relationship with NBB and be the bank’s preferred partner with the top rated Finacle Digital Cash Management suite and the Finacle Digital Engagement suite. The solutions have proven adaptability and platform agnostic capabilities, which is further evidenced by NBB’s careful evaluation and selection. We look forward to continue to partner and support NBB’s progression and growth.”

The new update will further streamline corporate customer payments, help manage liquidity and minimise financial risks. It will also further enable NBB to drive innovation by launching new products and services on digital channels.


Trade Arabia

NBB announces the first AlWatani personal loan winner

06/08/2018

National Bank of Bahrain (NBB) today announced the first loan promotion winner for the Bank’s AlWatani personal loan promotion. The lucky winner was selected through a raffle draw and won back BD15,0

Biz Bahrain

NBB H1 net profit surges 16pc to $98m

19/07/2018

National Bank of Bahrain (NBB) has posted a net profit of BD36.79 million ($97.85 million) for the first six months (H1) of the year compared to BD31.74 million ($84.41 million) for H1 2017, marking

Trade Arabia

NBB completes phase1 of AWS Cloud adoption

09/07/2018

The National Bank of Bahrain (NBB) has announced the successful completion of the first phase of its cloud adoption with the migration of its website (nbbonline.com) to Amazon Web Services (AWS).

Trade Arabia

Ticker Price Volume
NBB Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
AUB 0.66 -0.01 (-1.50%)
BBK 0.44 0.00 (0.00%)
SALAM 0.10 0.00 (4.12%)
BISB 0.14 0.00 (0.00%)
Bahrain's Investcorp records $165m loss for 2019-20 financial year

06/08/2020

Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income c

Gulf News

Aramex's revenue surges 4pc to $359m in Q2

06/08/2020

Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

05/08/2020

Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

05/08/2020

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

05/08/2020

UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia