NBK-Egypt launches new corporate banking solution

The National Bank of Kuwait (NBK-Egypt) has launched an SAP corporate banking solution, in partnership with MDSap, an expert in SAP’s omnichannel banking solutions in order to digitalise corporate business online operations and build lasting customer relationships, the bank announced on Monday.

“Powered by SAP Omnichannel Digital Business, an extendable distinct banking platform, NBK-Egypt enables small business and large companies to check balances, make online payments, transfer money between accounts, have better cash positioning and forecasting, along with instant trade facilities and approvals. Our ultimate goal is helping businesses to digitally manage cash flow as part of their day-to-day operation”, said Amr El-Alfy, the chief business officer at NBK-Egypt.

The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest financial institution in Kuwait.