QIB introduces new corporate online banking portal

Qatar Islamic Bank (QIB) has introduced a brand new version of its online corporate banking portal for corporate, medium and small enterprises. The new portal is easy to use, with a lot of new additional features whereas it’s a highly secured passageway for QIB’s corporate clients to manage all their daily business banking transactions.

“The enhancement of the corporate online banking will serve as a key element for our corporate clients by reducing the administrative time that it will take to finish their banking procedures and eliminates the need to visit a branch.”, said Tarek Fawzi General Manager of the Wholesale banking group. He added, “Part of QIB’s strategic approach is becoming a digitally driven bank with a focus of offering clients with timely and secure shari’a-compliant services for all their banking needs. Around one hundred of our corporate customers are already taking advantage of the speed and convenience offered by the new portal and we are expecting this number to grow.”

St. Regis Bal Harbour is one of only 121 hotels to be included in the exclusive Five Diamond award list for 2019 out of over 27,000 properties reviewed by AAA, placing it in the top 0.4 percent of its rated hotels. ; Account management: gives you access to your consolidated accounts, financing and deposits; Beneficiary management: lets you create beneficiaries for local and international transfers and control users through corporate admin; Payments and transfer: allows you to manage single, multiple, bulk and future date payments, and transfer within accounts for better liquidity management; Trade finance: enables you to request LCs, LGs, and bills for collection; Credit card management: give you full control of your company’s cards, view and make card payment, block/unblock cards, enable magnetic stripe during travel and monitor transactions; Utility bills payment: lets you make utility payments to Kahramaa, Ooredoo; and other general service on request such as request for cheque books, balance confirmation, cheque image and swift copies.

It also has a new multi-level transaction matrix to increase security whereas client may appoint restricted roles for different users by appointing a maker for a transaction, someone to review the payment details “checker” and an authorizer that approves the payment “approver.”

The new portal resides on an omnichannel banking platform, whereas now all banking platforms are linked to one central unit. Corporate clients that wish to register for the corporate online banking should contact their relationship manager or submit a request online.


Source from: The Peninsula