Arab Bank plc

07/14/2024 | Press release | Archived content

For the First Time in Jordan Arab Bank Launches Digital Collection Management Service for Corporates via 'ArabiConnect' Platform

FOR THE FIRST TIME IN JORDAN ARAB BANK LAUNCHES DIGITAL COLLECTION MANAGEMENT SERVICE FOR CORPORATES VIA "ARABICONNECT" PLATFORM
Arab Bank has recently launched the "Digital Collection Management" service through its "Arabi Connect" platform as a first-of-its-kind service offered exclusively for corporate customers. The new service provides innovative solutions that facilitate direct collection and settlements. The launch of this new service comes as part of Arab Bank's innovation strategy and reflects its ability in providing the latest digital banking services and solutions within the highest levels of efficiency and effectiveness.
The new "Digital Collection Management" service offers corporate customers the ability to instantly create and personalize online account per client to facilitate payment tracking easily and securely, without the need for time-consuming manual auditing and settlement. The new service also enables linking the online accounts to the main business account, automatically transferring receivables from sub-accounts. This is in addition to many other benefits such as the ability to create multiple online accounts linked to the company's main account in advanced and user-friendly ways allowing multi-currency acceptance. The new service also offers generated advanced reports, CLIQ payments, as well as local and international transfers.
Commenting on the new service, Mr. Rami Abu Alteen, Head of Corporate and Financial Institutions - Jordan at Arab Bank, said: "The launch of this new service as a first-of-its-kind in Jordan reflects the bank's constant commitment toward adopting the latest advancements in the banking industry to seamlessly enhance our corporate customers' experience within the highest levels of compliance and security." He added: "The Digital Collection Management service is a seamless and secure value-added service to the host of digital services offered by Arab Bank through its "Arabi Connect" platform that offers customers a comprehensive and integrated banking experience in line with their needs and expectations."
It is worth mentioning that the "Arabi Connect" platform offers a host of privileges designed specifically to provide Arab Bank's corporate customers with flexibility and ease to carry out their banking transactions around the clock from anywhere. The platform offers many benefits including direct access to accounts, local and cross-border account management and reporting, cash and liquidity management, and much more. "Arabi Connect" platform is a leading digital solution offered to corporate customers in line with the latest advancements in the banking industry.