Companies can issue money transfers and execute them on the same day across the SWIFT network
Cairo Amman Bank (CAB) has adopted EastNets’ company solutions that connect the bank to money exchange companies and corporations engaged in money transfer services across the SWIFT network – reported AME Info.
Through establishing a closed group that is managed by Cairo Amman Bank (SWIFT MA-CUG), members of the group (money exchange companies and corporations) are expected to communicate electronically with the bank via the SWIFT network, and send or receive money transfers electronically through their accounts at CAB.
The implementation of this system comes in line with the bank’s strategic expansion plans and its ongoing efforts to adopt the latest banking solutions to meet clients’ growing needs.
EastNets is a global provider of compliance and payments solutions and services enabling confidentiality for financial, corporate and government sectors.