Doha Bank has announced the launch of new trade finance product services under Tadbeer, its integrated transaction banking platform for payment, liquidity management, reporting and other services.
New features of the online platform allow customers to apply for Letter of Credit or Letter of Guarantee for domestic or import business through digital channels.
Using Tadbeer, Doha Bank wholesale banking customers can now submit electronic applications for trade products using their online bank account(s) and access to apply digitally without having to visit physical branches. form the bank.
“Since its launch, Tadbeer has anchored our broader and ambitious drive for digital transformation and innovation, not only for our broad portfolio of growing business banking products and services, but also for our customers’ industries and businesses. .
“The need for precision and agility through the digitalization of corporate banking is most critical in domestic and cross-border trade. In recent years, and even more so, in light of the post-pandemic global economic recovery, the global trade and supply chains have accelerated at an unprecedented rate. Through platforms like Tadbeer, leading financial institutions and lenders like Doha Bank can help mitigate the risks associated with supply chain disruptions. ‘supply for importers and exporters,’ said Ala’ Azmi Abumughli, Director of Wholesale Banking at Doha Bank.
“Adding trade finance functionality under Tadbeer is just a natural progression as part of our global transaction banking capabilities and is part of our bank’s overall digitalization roadmap, contributing to the efficiency operational and cost of our corporate clients, centralizing their transactions on a consolidated platform, improving transparency and traceability of accounting and reconciliations, and enabling the optimization of liquidity,” added Abumughli.