Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Global payment solutions leader EastNets partners with Kuwait's Boubyan bank to launch SWIFT gpi for faster cross-border payments
 

Dubai, UAE, June 6, 2018:  Leading provider of compliance, payment and cloud solutions, EastNets has announced its partnership with Kuwait’s Boubyan Bank to roll out SWIFT’s global payments innovation (gpi) service for its customers across the country.

With the introduction of SWIFT gpi, Boubyan Bank will offer its customers high-speed cross-border payments with end to end tracking, transparency on bank fees and FX rates (Foreign Exchange), ultimately allowing the bank to credit payments to end beneficiaries within minutes, even seconds. 

EastNets will assist Boubyan Bank in implementing SWIFT gpi without having to re-engineer the bank’s existing payment systems, thereby lowering the cost of ownership, decreasing time to market, reducing risks and providing greater payment efficiency.

The roll-out of the SWIFT gpi solution will allow Boubyan customers to track the status of their cross-border payments in real time, improve cash forecasting and receive confirmation notices when funds have been received by the end beneficiary. The project will be delivered in phases where EastNets’ experts will support the bank through all stages of implementing SWIFT gpi, from initiation until completion.

EastNets CEO, Hazem Mulhim said, “Today, bank customers demand access to cross-border payment services within a secure and fast environment. Through this partnership, EastNets will introduce SWIFT gpi, the industry gold-standard for cross-border payments, to customers of Boubyan Bank in Kuwait and around the world. We have always been committed to helping businesses transform the way they manage complexity and will continue to develop innovative and efficient solutions that help financial institutions support the dynamic needs of customers and equip them for opportunities and challenges in the future.” 

Commenting on the partnership, Deputy Chief Executive Officer, Boubyan Bank Abdullah Al-Najran Al-Tuwaijri said, “We are committed to offering our clients the best services by way of increased efficiency, compliance, security and traceability- all of which are imperative for businesses that rely on international payments on a day-to day basis. With the implementation of SWIFT gpi, we are proud to be adopting what is now considered the gold standard for international payments and believe that EastNets is the ideal partner when it comes to delivering efficiency, excellence and strategic advantage to our clients.” 


Posted by : Dubai PR Network Editorial Team
Viewed 8900 times
PR Category : Banking & Investments
Posted on : Wednesday, June 6, 2018  3:52:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Central Bank of the UAE
Next Story : Central Bank of the UAE Holds its 4th Board of Directors Mee...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
BodyO launches officially its AiPod for a full body check-up during the Gitex Future Stars [11047-Views]
The World of Aigner Wunderkammer [10992-Views]
Halloween “Catwoman” mask using BROW products [8564-Views]
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology [8418-Views]
Fifi & Friends - Now available at more outlets across the UAE [8314-Views]
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performances from var... [8223-Views]
Corum Heritage Eleganza- Dedicated to the stylish woman [7832-Views]
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season [7765-Views]
With more collections and a more spacious car parking, Kalyan Silks moves to Electra Stre... [7271-Views]
Dubai Shopping Festival Returns With Much-awaited Mega Raffles [7058-Views]
Joyalukkas Celebrates the Festival of Light with Irresistible Offers [7021-Views]
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East [6991-Views]
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch' [6704-Views]
Hour Choice presents Coach Park Collection (Suede straps) [6271-Views]
Saddle Up With kate spade Fall 2018 [6198-Views]
Introducing the Nokia 7.1 to the UAE [6082-Views]
W Motors and Safe City Group introduce the BEAST PATROL at GITEX: One of the most advance... [5911-Views]
Sharjah Government pavilion highlights digital transformation of Sharjah at GITEX 2018 [5758-Views]
Sunglasses Trends for Fall/Winter 2018 [5740-Views]
Be Thankful with Tub of Butter This Thanksgiving [5710-Views]
Scuderia Ferrari Aspire Watch Special Edition Gift Set [5490-Views]
CITIZEN Unveils 100th Anniversary Limited Edition Collection [5331-Views]
Rado DiaMaster Ceramos Automatic [5252-Views]
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition [4788-Views]
Sharjah Girl Guides Unleash their Power on International Day of the Girl Child [4764-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories