Mashreq, a leading financial institution in the Middle East and North Africa (MENA) region, has announced the launch of Mashreq NEO CORP – an innovative digital banking platform designed to enhance the customer experience for corporate clients in Kuwait.

NEO CORP will provide access to a wide range of cash management and trade services, such as account services, payments, collections, import and export trade services, and guarantees, to corporate clients.

The platform features an intuitive interface with easy navigation, increasing efficiency and convenience through digitalisation.

Based on a ‘one-click’ design philosophy, it permits access to more than 80% of all the platform’s most common functionality with just one click.

Thanks to the platform’s real-time data and analytics capabilities, corporate clients can make informed decisions quickly and with confidence.

Critical information is accessible 24/7, with clients being able to access the platform and perform transactions anytime, anywhere. All transactions are conducted safely and securely, with sensitive information protected via advanced security features.

Ammar A J Boumajdad, Country Head, Mashreq Kuwait, said: “Mashreq NEO CORP is a truly customer-centric platform that delivers an efficient, intuitive, and user-friendly digital experience, providing actionable insights via which our corporate clients can use to streamline their banking operations and drive greater financial efficiency.

“The new platform reflects our commitment to being the region’s most progressive bank and enabling innovative possibilities for our clients, reinforcing our solid position as a leading financial institution in Kuwait and MENA, and I am delighted to continue our roll-out to yet more corporate clients.”

The new corporate banking platform was designed with the unique needs of corporate clients, and their increasing demand for efficient, fully digital services, in mind.

Developed utilising the latest state-of-the-art, scalable native cloud microservices architecture, the platform delivers banking services via web banking, host-to-host, and next-generation application programming interfaces (APIs).

Direct connectivity to a business’s customer apps, e-commerce sites, supply chains and broader industry ecosystems is also enabled.

Victor Penna, Global Head of Global Transaction Banking at Mashreq, said: “We leverage technology and innovation to deliver a superior client experience, in alignment with our overarching aim of being the region’s most progressive, inspirational challenger bank.

“With our extensive expertise and deep industry understanding, we have an edge in the corporate banking space where platforms such as NEO CORP are not just standalone services.

“They are integral elements of a much wider ecosystem with customers at the heart of all operations. We are proud to expand the reach of our NEO CORP offering, and further drive digital transformation in Kuwait’s corporate banking sector.”

“Roll-out of Mashreq NEO CORP is set to continue across other countries in the Gulf region in the coming months, reinforcing the bank’s commitment to offering cutting-edge digital solutions in order to cement its position as a leading regional presence in the banking sector.” - TradeArabia News Service