Burgan Bank Enhances its Financial Management Services with a Cash Management Mobile App

Press release
Published October 24th, 2022 - 07:48 GMT

Burgan Bank Enhances its Financial Management Services with a Cash Management Mobile App
Subnell Desiya.
Highlights
Burgan Bank recently announced the launch of its cash management app for smartphones, which enables its corporate customers to manage most of its banking activities on a secure, digital platform.

Burgan Bank recently announced the launch of its cash management app for smartphones, which enables its corporate customers to manage most of its banking activities on a secure, digital platform. This step comes in the context of Burgan's strategy to promote the digital transformation of all its services across various sectors, especially the corporate sector.

Through the application, the Bank’s large corporate customers, as well as small and medium-sized companies, can manage their accounts quickly and easily from anywhere using their smart devices supported by Android or iOS systems. This application, with its convenient and smooth design, allows for an accessible user experience while simultaneously giving clients comprehensive control over their various banking procedures.

Following the app’s launch, Fadel Abdullah, Chief Corporate Banking Officer at Burgan Bank, said, “By using the new Cash management app, our corporate clients can now conduct their banking activities more efficiently; by initiating, reviewing, approving and completing payments,  tracking payment status, validating various financial transactions, viewing summaries, balances and statements of  accounts, deposits and loans and various other operations. All of this is carried out adhering to the highest standards of efficiency and cybersecurity.”

From his side, Swapnil D. J. Desai, Head of Cash Management at Burgan Bank said, “Through our offerings we aim to ease our customers banking activities and make their banking experience more enhanced. We also aim to eliminate many of the manual and tedious tasks involved allowing customers and their staff to spend more time focusing on their core business, enabling them to immediately follow up on their business developments and giving them sufficient flexibility to keep pace with market changes and push their commercial activities towards continuous growth."

Burgan Bank, through its services and products, is keen to provide its customers with an innovative digital banking experience, such as the interactive Banki service, the Electronic Data Update service, and the Tijarati application. It also continues to support innovation inside and outside the bank, through its various activities and programs, such as its launch of Burgan Innovation Lab.

 

Background Information

Burgan Bank

Established in 1977, Burgan Bank is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks. which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.

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