Latest news with #HishamAlKurdi
Daily Tribune
3 days ago
- Business
- Daily Tribune
NBB launches Digital Platform for faster trade
TDT| Manama The National Bank of Bahrain has rolled out a fully digital Supply Chain Finance platform designed to modernise trade payments and help businesses improve working capital management. The new system automates the traditionally manual processes between buyers and suppliers, enabling faster transactions and improved financial efficiency across the supply chain. Automation advantage Enabled by the DigiCorp platform, the solution allows suppliers to receive early payments on approved invoices, while buyers benefit from optimised cash flow cycles and reduced paperwork. NBB said the technology helps eliminate administrative bottlenecks, offering quicker turnaround times and more transparent financing. The system's end-to-end automation marks a shift in how businesses in Bahrain and the wider region manage their trade relationships, especially as digital transformation becomes a core focus in banking and finance. Supporting real economy Hisham Al Kurdi, Group Chief Executive – Markets & Client Solutions at NBB, said the launch reflects NBB's ongoing mission to deliver digital-first services that empower businesses. 'This platform enhances operational agility and helps our clients better manage liquidity across their ecosystems,' he said. Vineet Munot, Group Head of Transaction Banking, added that the platform strengthens NBB's position in trade finance and cash management. 'It reinforces our role as a market leader in delivering smart, connected banking solutions,' he noted. Focus on SMEs The platform offers significant value for SMEs, providing early access to cash without requiring additional borrowing or new credit lines. Buyers can also use the platform to strengthen ties with strategic suppliers by offering timely, automated payments. NBB said the initiative supports its broader ESG goals by promoting inclusive economic development and building more resilient and sustainable supply chains across Bahrain and the region.
Biz Bahrain
4 days ago
- Business
- Biz Bahrain
NBB Launches Fully Digital Supply Chain Finance Solution to Enhance Working Capital Efficiency
The National Bank of Bahrain (NBB) has launched a fully digital Supply Chain Finance solution that connects buyers with their suppliers to enhance liquidity and optimise working capital management. Designed to facilitate seamless trade and build better commercial ties, NBB's Supply Chain Finance solution, enables suppliers to receive early payments against approved invoices, while offering buyers the opportunity to improve their cash flow cycles. The solution, enabled through DigiCorp platform, reduces the administrative burden typically associated with manual payment processes by automating key interactions across the supply chain, allowing for quicker turnaround times and improved operational efficiency. Commenting on the launch, Hisham Al Kurdi, Group Chief Executive – Markets & Client Solutions at NBB said, 'We are pleased to introduce the Supply Chain Finance solution, which demonstrates our ongoing efforts to provide digital-first services that empower our clients and enhance their business operations.' Vineet Munot, Group Head of Transaction Banking at NBB stated 'This initiative marks another important addition to our growing Transaction Banking offerings portfolio and reinforces our position as a market leader in delivering end-to-end trade finance and cash management solutions.' The solution offers a unique advantage to suppliers, particularly SMEs, by providing timely access to working capital without requiring additional borrowing or utilising existing bank credit lines. By offering attractive rates and a transparent financing process, NBB's Supply Chian Finance solution supports suppliers in maintaining financial stability and meeting their operational obligations more effectively. For buyers, the solution contributes to more efficient balance sheet management and enables stronger alignment with strategic suppliers through improved payment cycles. By introducing an automated and transparent payment mechanism, buyers can not only streamline their internal processes but also reinforce long-term supplier relationships. Aligned with NBB's ESG objectives, the Supply Chain Finance solution plays an important role in strengthening the SME ecosystem by offering inclusive access to cost-effective financing. It seeks to build more sustainable and collaborative supply chains, reflecting the Bank's commitment to inclusive economic development. With the launch of NBB's Supply Chain Finance Solution, the Bank continues to expand its suite of innovative products aimed at driving business efficiency, growth, and resilience across Bahrain and the wider region.
Al Bawaba
4 days ago
- Business
- Al Bawaba
NBB Launches Fully Digital Supply Chain Finance Solution to Enhance Working Capital Efficiency
The National Bank of Bahrain (NBB) has launched a fully digital Supply Chain Finance solution that connects buyers with their suppliers to enhance liquidity and optimise working capital to facilitate seamless trade and build better commercial ties, NBB's Supply Chain Finance solution, enables suppliers to receive early payments against approved invoices, while offering buyers the opportunity to improve their cash flow cycles. The solution, enabled through DigiCorp platform, reduces the administrative burden typically associated with manual payment processes by automating key interactions across the supply chain, allowing for quicker turnaround times and improved operational on the launch, Hisham Al Kurdi, Group Chief Executive – Markets & Client Solutions at NBB said, 'We are pleased to introduce the Supply Chain Finance solution, which demonstrates our ongoing efforts to provide digital-first services that empower our clients and enhance their business operations.'Vineet Munot, Group Head of Transaction Banking at NBB stated 'This initiative marks another important addition to our growing Transaction Banking offerings portfolio and reinforces our position as a market leader in delivering end-to-end trade finance and cash management solutions.'The solution offers a unique advantage to suppliers, particularly SMEs, by providing timely access to working capital without requiring additional borrowing or utilising existing bank credit lines. By offering attractive rates and a transparent financing process, NBB's Supply Chian Finance solution supports suppliers in maintaining financial stability and meeting their operational obligations more buyers, the solution contributes to more efficient balance sheet management and enables stronger alignment with strategic suppliers through improved payment cycles. By introducing an automated and transparent payment mechanism, buyers can not only streamline their internal processes but also reinforce long-term supplier with NBB's ESG objectives, the Supply Chain Finance solution plays an important role in strengthening the SME ecosystem by offering inclusive access to cost-effective financing. It seeks to build more sustainable and collaborative supply chains, reflecting the Bank's commitment to inclusive economic development. With the launch of NBB's Supply Chain Finance Solution, the Bank continues to expand its suite of innovative products aimed at driving business efficiency, growth, and resilience across Bahrain and the wider region.
