Bank Muscat and Newgen Software Receive The Asian Banker Financial Technology Innovation Awards, 2018
Retrieved on:
Monday, June 11, 2018
Bank Muscat, the flagship financial services provider in the Sultanate of Oman, and Newgen Software have been awarded the Best Retail Payment Initiative, Application or Programme in the Middle East at The Asian Banker Middle East and Africa Awards Programme 2018.
Key Points:
- Bank Muscat, the flagship financial services provider in the Sultanate of Oman, and Newgen Software have been awarded the Best Retail Payment Initiative, Application or Programme in the Middle East at The Asian Banker Middle East and Africa Awards Programme 2018.
- The Bank engaged Newgen to introduce a workflow-based remittance system to optimise processing of payment cases initiated from branch channel.
- Newgen's solution has been used to automate the financial processes, including outward remittance, standing orders, speed transfers overseas and inward enquiries.
- Muscat Capital LLC, a 100% subsidiary of Bank Muscat, is a brokerage and investment banking entity in Saudi Arabia.