Qatar Islamic Bank (QIB) works at the forefront of innovation to provide the customers with a highly secure end-to-end digital solution to enhance its customers’ digital banking experience.

As part of QIB’s ongoing efforts to provide innovative digital solutions to empower its customers, Qatar Islamic Bank has launched a new mobile application, the QIB Corporate App.

QIB Corporate App is specifically designed to address the financial requirements of its corporate and small and medium enterprises customers.

With the first release QIB Corporate App, customers can review and approve transactions from inside and outside Qatar, around-the-clock, as well as viewing account balances and account summaries.

Tarek Fawzi, General Manager, Wholesale Banking Group, at QIB said: "The recent changes in customer behavior caused a paradigm shift in the increasing need and importance of new digital channels, as customers expect banking services to be made available wherever they are, at any time. The QIB Corporate App was developed to meet popular business demand and demonstrates our commitment to offering a banking experience that empowers our corporate customers to conduct their business with ease and security. By understanding these digital needs, the launch of the QIB Corporate App is the logical next step towards creating an innovative, convenient, and seamless banking experience for our corporate customers. Our Corporate App is a testament to our dedication to helping businesses of all scales to grow and continue adapting the digital transformation of Qatar’s economy."

“The App is our latest digital innovation for customers seeking simplified and efficient mobile solutions for their day-to-day banking needs. Built with world-class technology, the app simplifies the approval of corporate banking transactions. Authorized senior management executives now have the ability to review and approve transactions at any time.”

As QIB continues to encourage customers to use online platforms to fulfill all of their banking requirements, this initiative ensures that corporate customers can conveniently manage their transactions remotely, limiting the need to visit a branch.

To continue making the banking experience as convenient as possible, QIB has also upgraded its Corporate Internet Banking platform with features such as offering flexible timeframes to approve transfers with 30 days from the transfer date, and access to online reports for Dividend Payments, Post Dated Cheques, and Positive Pay Cheques.

Corporate customers can further utilize Liquidity Management tools and set up automatic instructions for SWEEP and Auto Cover services.

Customers can also create Murabaha Term Deposit and Certificate of Deposit, as well as request for a Letter of Credit and Letter of Issuance.

In upcoming features, the QIB Corporate Internet Banking platform will include Corporate Mobile Banking tools to access the account summary, review, and transaction approval, as well as a streamlined host-to-host system integration tool that facilitates automatic payment files uploaded from the customer’s Enterprise Resource Planning software.

The QIB Corporate App is available for customers registered on QIB’s Corporate Internet Banking.

More features and benefits are will be added in the future further easing and improving the banking experience for corporate customers.

To avail the services of the App, simply download the application, and use the same credentials of their Corporate Internet Banking to login. 

Download the App Available on iOS and Android

For more information, please visit: www.qib.com.qa

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Source and cover image credit: QIB