Oman’s leading financial services provider, Bank Muscat has signed an agreement with global real estate advisor, Savills Oman to provide its cutting-edge digital banking solutions to the company.
Through this agreement, Bank Muscat leverages its digital capabilities in providing industry-proven digital solutions for payments and collections of receivables through an efficient, seamless, and secure channel.
According to the statement, “With business connectivity and digitalization now more important than ever, Bank Muscat’s corporate banking solutions are providing its valued clients with seamless access to a number of corporate services that are crucial to their success in the modern world.”
Wafa Ibrahim al Ajmi Assistant GM Transaction & Government Banking Bank Muscat
“At Bank Muscat, we have always been at the forefront of providing innovative digital solutions to our customers. Our corporate and institutional customers are on a digital transformation journey and are looking for digital solutions to improve their transactions and processes. We are delighted to tie up with Savills Oman by offering our state-of-the-art digital solutions of corporate online banking and remote data capture, which will bring increased efficiencies in Savills Oman’s business.”
Bank Muscat’s Remote Deposit Capture (RDC) solution offers a host of benefits and features to corporates including faster clearing of cheques, elimination of financial losses related to missed or delayed presentation of cheques, faster reconciliation of cheques using the reports available to the company from the RDC system, and better management of post-dated cheques.
Mr. Ihsan Kharouf, Head of Savills Oman said that, “Savills Oman and Bank Muscat have a strong banking relationship and this latest partnership strengthens it further. The implementation of digital solutions for payments and collection of receivables is a hugely significant step in our strategy for streamlining operations for our property management clients.”
“The Corporate Online Banking and Remote Deposit Capture solutions will provide us with enhanced control and efficiency, faster payment clearance as well as prompt identification of bounced cheques,” Mr. Kharouf added.
Further, Bank Muscat’s Transaction Banking solutions enable the achievement of automation in the activities of the treasury or finance team through cutting-edge technology and processes aligned with corporates’ needs.
“The Account Services solution provides an enhanced visualization of the overall banking relationship across all banks which include accounts with Bank Muscat as well as other local or international banks,” as per the statement.
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