Grow your business with optimised payment processes
Manage your payments more efficiently with our range of customised solutions, created specifically for the needs of treasury professionals.
Digital Banking
- View accounts in real time and keep track of your balances and transactions.
- Get statements and reports in a few clicks.
- Group multiple company accounts for a hassle-free, single sign-on experience.
- Transfer funds between your RAKislamic Accounts instantly and securely.
- Make local and international payments in different currencies easily.
- Upload single or bulk payments quickly and securely.
- Manage your payroll with our WPS and non-WPS salary payment solutions.
- Request special instructions for your accounts and transactions.
- Access trade finance import and export services.
- Optimise your cash position with our liquidity management sweep and notional pooling solutions.
- Access accounts from different mobile platforms for easy viewing and approval.
Host-to-Host (H2H)
Ensure secure data transfers between your accounting system and RAKislamic in your preferred file formats, network protocols and security standards. Our integration allows real-time payment initiation and confirmation, providing you with greater control and visibility over your payment processes directly from your own systems.
Discover Efficient SWIFT MT940/MT950 Account Statement Submission
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, operates a worldwide network that enables secure messaging and communication among financial institutions. MT940/950 is among the various standardized message types designated by SWIFT for different financial industry functions.
Benefit from multiple channels for generating, transmitting, or submitting statements securely to authorised personnel, along with features such as:
- End-of-day account statements in MT940/950 format, providing detailed information on all account entries posted during the previous business day
- Transmissions to SWIFT addresses of local or international banks for easy reporting on their online platforms
- Submissions via Host-to-Host (H2H) for seamless integration with your ERP and accounting systems
- Downloads from our Digital Banking for reconciliation and integration.
- Direct transmission to your SWIFT registered address with Score or Member Administered Closed User Group (MA-CUG), ensuring efficient and secure delivery of statements
Contact us
If you're interested in our Cash Management Solutions, don't hesitate to get in touch with us.
Our team will be more than happy to help you find the best solution for your business needs.
We’re here to help
Your all-in-one financial partner
Simplify your banking experience with our feature-rich app. From payments to payroll, our comprehensive Banking Solutions provide everything you need to manage your business finances from one secure and easy-to-use platform.
