Kuwait: Burgan Bank has launched the Cash Management Solutions (CMS) online platform to expand the range of digital financial solutions and tools it offers to corporate clients. The CMS platform reflects progress in the Bank’s strategy to support corporate clients with modern digital banking services that help them manage their online business easily and efficiently.
Burgan Bank corporate clients can now seamlessly access a wide range of integrated digital banking solutions through the single sign-on CMS platform. This will provide them with complete visibility and control of their accounts from anywhere, anytime. The platform will also help customers manage their online activities with the highest cybersecurity standards to protect their banking information and sensitive corporate data.
Among the various services provided by CMS Online is the ability to easily access and monitor financial accounts and business activities, whether for Burgan Bank accounts or third party accounts. Additionally, the platform allows customers to keep tabs on payment flows by viewing and tracking online deposit and loan details, settling corporate credit card transactions and generating statements. and detailed reports to track the financial condition of their businesses.
Speaking on the Bank’s latest service, Mr. Fadel Abdullah, Director of Corporate Banking at Burgan Bank, said, “The CMS Online platform is the first comprehensive tool of its kind in the Kuwaiti banking industry and is exclusively designed for corporate clients of Burgan Bank. We continue to strengthen our leadership in this area by introducing innovative services that help clients accelerate the financial flow of their businesses and improve the level of financial control and access. Obviously, this will have a positive impact on business performance and operations. »
Also commenting on the launch of the new service, Mr. Deniz Cengiz, Group Chief Digital Banking Officer of Burgan Bank, said: “We are always looking to provide new and innovative services in the area of digital payments. Managing digital banking services through different channels is crucial. to an effective customer experience. The CMS platform is a valuable tool that provides business customers with fast, transparent and highly secure digital services that meet their needs and save them time and effort by ensuring the timely completion of business activities.
It serves to note that as part of its strategic plan for the next phase, Burgan Bank is developing more innovative digital solutions to meet customers’ need to process financial transactions more easily and efficiently than ever before.
About Burgan Bank
Established in 1977, Burgan Bank is currently the third largest bank by assets in Kuwait. From its inception, the Bank has had a strong focus on the corporate and financial institution sectors, in addition to diversifying its offering to meet its growing retail and private banking clientele.
Burgan Bank has majority-owned subsidiaries, collectively known as “Burgan Bank Group”, in the MENAT region. This group is supported by one of the largest branch networks in the region and includes: Gulf Bank Algeria – AGB (Algeria), Bank of Baghdad – BOB (Iraq and Lebanon), Tunis International Bank – TIB (Tunisia) and the wholly owned company Bank Burgan Turkey. Additionally, Burgan Bank has a presence in the United Arab Emirates through its head office, Burgan Financial Services Limited.
The Bank has continuously improved its performance over the years, thanks to a broad revenue structure, diversified funding sources and a solid capital base. The adoption of advanced services and technologies has positioned it as a pioneer in the domestic market and in the MENA region. Moreover, the Burgan Bank brand has been built on a foundation of real values – trust, commitment, excellence and progress – which recall the high standards to which the Bank always aspires. In fact, the Bank’s fundamental philosophy, “Driven by You”, is the basis on which its products and services are continuously developed.
The Bank has obtained the ISO/IEC 27001:2013 Information Security Management Systems (ISMS) certificate and has been recertified with the prestigious ISO 9001:2015 standard, making it one of the few banks in the GCC and Kuwait to receive such certification for five consecutive times. The Bank also has the distinction of being the only bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twenty consecutive years.
Burgan Bank is a majority owned subsidiary of KIPCO (Kuwait Projects Company), one of the largest holding companies in the MENA region.