Arab Finance: Abu Dhabi First Bank, Egypt, one of the largest banks operating in Egypt, has announced the launch of “Fabmisr e-monten”, its latest digital platforms designed specifically to serve large and multinational institutions, according to the statement sent on March 9.
This innovative platform reflects the bank's commitment to providing advanced banking solutions that redefine customer experience.
The E-Connect Fabmisr platform provides an integrated banking experience that allows companies to monitor and manage all their bank accounts with the bank, in addition to seeing the accounts deposited in other banks inside or outside Egypt through the MT940 service.
The platform also enables customers to follow loans and deposits accounts and issue accurate and immediate accounts at any time, which provides absolute flexibility in financial resources management.
In partnership with Mindgate, the global leading company in immediate payment technology, Abu Dhabi First Bank offers a smooth digital platform that facilitates financial operations. By taking advantage of Mindgate experience in processing transactions widely, the platform simplifies operations, allowing customers to manage their transactions efficiently without the need for handicrafts or correspondence via email.
Commenting on this, Sherif Sabry, head of the banking services group for companies and commercial banking services for Abu Dhabi First Bank Egypt, said: “The launch of the E-Unnect Fabmisr platform is a qualitative shift that enables our companies from companies to manage their financial resources with unprecedented efficiency and transparency, which enhances their ability to make strategic financial decisions that support their business growth. This advanced digital platform does not It only meets all the needs of companies, but also contributes to achieving the country's goals towards promoting financial inclusion, by enabling more institutions to benefit from modern banking solutions that keep pace with market developments and enhance the investment climate. “
As for the implementation of financial transactions, the platform supports the implementation of local and international payments in the local and foreign currencies, including scheduled transactions and sustainable instructions, and the platform supports raising collective payment files, which allows the implementation of large operations accurately and quickly, as well as the possibility of registration of beneficiaries collectively to simplify procedures.
With regard to safety, Abu Dhabi First Bank sets new criteria thanks to the bilateral authentication system by applying the smart safety code, which removes the need to use traditional verification devices and enhances the protection of transactions.
In addition, the platform allows companies to design a flexible and complex delegation structure that corresponds to their operational needs to ensure full control.
It is worth noting that the launch of the E-Connect Fabmisr represents a new step in the first march of Abu Dhabi Bank, Egypt towards achieving a full digital transformation. This achievement supports the bank's strategy aimed at providing innovative solutions that contribute to enhancing the efficiency of corporate banking processes, which establishes its position as a leading institution in providing digital banking services in the Egyptian market.
Related news
