back Back

QIB introduces H2H payment management solution for corporate clients

By Edil Corneille

February 04, 2021

  • Qatar
  • Qib
Share

Qatar Islamic Bank, QIB, Qatar Islamic Bank (QIB) has launched a new integrated Host-to-Host (H2H) Online Payment Management solution for its large corporate customers, in line with the endeavours of the bank to automate and accelerate payment management experiences of its corporate clients with more ease, speed and safety.

With this new end-to-end digital payment solution, QIB will allow corporate customers to submit their payments from their Enterprise Resource Planning (ERP) Systems automatically without any manual intervention at any time.

The new H2H Online Payment System offers an extra layer of security as all processed data is fully encrypted, H2H also allows corporate customers to keep track of their transactions, and to be up to date on the status of all their transactions 24/7 thru the Corporate Internet Banking.

H2H solution will reduce the business efforts by at least 50 per cent when processing bulk payments. It is an encrypted system between the corporates’ own ERP System and QIB Corporate Internet Banking to process payments without manual intervention. It will eliminate any possible human error and it will fast track the payment process to reach their respective payees.

Tarek Fawzi, QIB’s Wholesale Banking Group General Manager said, “QIB is pleased to launch another fully-digital banking solution to allow its corporate customers to fulfil more of its banking needs in a fast and totally secure way. In addition to being another milestone towards the full digitization of our corporate banking products and solutions, our new digital H2H Payment Management Solution will certainly enhance the banking experience of all our large corporate customers. This is an ideal solution for them to manage their payments though an end-to-end automated channel and without any manual intervention, and therefore significantly reducing any margin of error or delay when processing payments of all sizes.”

In recent months, QIB has introduced major updates and features to its Corporate Internet Banking platform and allowed its corporate customers to manage most of their banking needs and to perform over 90 per cent of their local and international transactions digitally.

To offer its corporate customers a more convenient, trusted and safe way to fulfil their banking needs remotely, QIB has also launched the QIB Corporate App designed to address the financial requirements of its corporate and SME customers. The QIB Corporate App now enables corporate customers to review and approve transactions from inside and outside Qatar, as well as view their account balances and account summary. Moreover, corporate customers can apply for financing digitally through the Corporate App, along with being able to view their relationship manager’s contact information and get in touch with them for any assistance via the App.

Previous Article

February 04, 2021

Capita launches SaaS investment research tool – Synaptic Risk Explorer

Read More
Next Article

February 05, 2021

Mastercard partners with SAP Concur in the Asia Pacific (APAC) region

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Qatar

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Hecto Financial eases cross-border transactions with new solution

Read More

Today

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023