BBK signs cash management deal
Manama, June 8, 2011
BBK has signed an agreement with Bahrain Chamber for Dispute Resolution (BCDR-AAA) to provide cash management solutions.
Under the new agreement, BBK will provide BCDR-AAA with automated solutions allowing them to make just-in-time payments through 'BBKCashlink', an integrated cash management platform.
The solution will provide BCDR-AAA control over their accounts and enable easy reconciliation of their transactions, said BCDR-AAA finance and administration director Samaa Al Engineer and BBK transactional banking division AGM Rashad Akbari after signing the deal.
The event was attended by a number of senior representatives of both organisations including, BCDR-AAA assistant ICT director Mushtaq Shaikh, accountant officer Bassam Ghassan and finance administrator Aisha Aqeel.
Present from BBK were cash management division head Santhosh Lobo and cash management product specialist Noof Al Hassan.
'This strategic agreement reflects BBK's mission to provide state-of-the-art banking facilities to all our customers,' Akbari said.
'This initiative highlights the comprehensive range of cash management services offered by BBK.
'The agreement comes as a result of cumulative efforts and expertise put through by BBK's cash management team in collaboration with the financial experts of BCDR-AAA to develop an end-to-end solution fostering their current workflow.'
According to him, BBK is the first local bank to introduce the world-class cash management platform 'BBKCashlink' in the region.
Most recently BBKCashlink was awarded both the Bahrain e-Content Award 2011 and the Middle East e-Government Excellence Award 2011 for e-Banking, he added.-TradeArabia News Service