Through this agreement, Bank Muscat leverages its virtual capabilities to deliver industry-proven virtual solutions.
Muscat: Bank Muscat, the Sultanate’s leading money service provider, and Savills Oman, the world’s leading real estate advisor, have signed an agreement to make Bank Muscat’s virtual commercial banking and remote deposit capture (RDC) responsive to the business.
Through this agreement, Bank Muscat leverages its virtual features to provide virtual responses displayed for invoices and debt collection through an efficient, transparent and secure channel. The agreement was signed through Wafa Ibrahim Al Ajmi, Deputy Managing Director – Government Transactions and Banking, Bank Muscat and Ihsan Kharouf, Director of Savills Oman.
Speaking on the occasion, Wafa Ibrahim al Ajmi, Deputy Managing Director – Banking and Government Transactions, Bank Muscat, said: “At Bank Muscat, we have been at the forefront of delivering cutting-edge virtual responses to our customers. Our corporate and institutional solutions clients are involved in a virtual transformation procedure and are looking for virtual answers to improve their transactions and procedures. will bring greater power to Savills Oman’s business.
Ihsan Kharouf, Director of Savills Oman, said: “Savills Oman and Bank Muscat have a strong banking relationship and this latest partnership further strengthens it. The implementation of virtual debt collection and payment responses is a very important step in our strategy of simplifying operations for our assets control customers. Responses from corporate online banking and remote deposit capture will give us a step forward and efficiency, faster payment clearing, and quick identification of NSF checks.
We are excited to partner with Bank Muscat for our digitization efforts to build the power of our business and are proud to offer this enhanced service to our consumers. With business connectivity and digitalization now more vital than ever, Bank Muscat’s commercial banking responds by providing its valued consumers with seamless access to a number of businesses that are critical to their good fortune in the fashion world.
Bank Muscat’s RDC solution brings a multitude of benefits and features to businesses, adding faster check clearing; elimination of monetary losses due from the filing of failed or overdue checks; faster check reconciliation thanks to the reports that are made to the corporate through the RDC formula and greater control of post-dated checks.
Businesses have the ability to scan checks from any bank from the comfort of their offices without having to manually sort checks or make a stopover at a bank branch in Muscat every day. The RDC solution also facilitates the electronic endorsement of scanned checks, eliminating the need for a manual stamp.
Bank Muscat’s Transaction Banking responses automate the treasury/finance team’s activities through generation and processes aligned with business needs. /international banks.
Direct debits and virtual accounts are collection responses that simplify the automation of debt reconciliation and give businesses complete visibility into collections. “Sweeps” is a complex money control solution for account balance control, which allows the automation of the movement of the budget accounts according to predefined rules. ‘Trade Portal’ is an online solution that enables the effective and transparent processing of industry funding applications.
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