AlRayan Bank has recently integrated Finastra Corporate Channels, enabling a more streamlined and secure digital banking experience for corporate clients.
With this new platform, AlRayan Bank aims to provide unified digital services across all channels, enhancing operational efficiency and customer satisfaction. The upgrade is expected to modernize the bank’s trade finance and cash management infrastructure, allowing for faster access to funds and expanded business opportunities.
Key Features of Finastra Corporate Channels
Developed as a modular digital banking solution, Finastra Corporate Channels integrates trade, supply chain finance, cash management, financing, and treasury services. The platform is designed to be highly configurable, with embedded security tools and real-time data analytics that support Shariah-compliant services.
The implementation was managed by IBC Solutions, a regional provider of banking services in the Middle East and Africa, and completed within four months. Additionally, AlRayan Bank has upgraded to the latest release of Finastra Trade Innovation to align with ISO 20022 MX messaging standards.
By adopting these advanced tools, AlRayan Bank is positioning itself for future growth and adaptability in an evolving market environment. The launch marks a significant step towards achieving the bank’s goal of offering more personalized and efficient services to its clients.
