Diwan of Royal Court and Bank Muscat enhance mutual relations with the bank’s digital solutions

Diwan of Royal Court and Bank Muscat enhance mutual relations with the bank’s digital solutions

Muscat: The Diwan of Royal Court and Bank Muscat, the leading financial services provider in the Sultanate, has further enhanced their strong partnership. The Diwan of Royal Court was the first government entity to be on-boarded to the Bank's Business-to-Business (B2B) solution. Since the beginning of the year, it has greatly proven its effectiveness and utility. This comes as part of the bank's initiative to onboard ministries and government entities as well as corporates to various digital solutions for a secure and convenient digital banking experience. The electronic services and solutions provided by the bank to its customers have especially proven its efficiency during these times which require both physical distancing and the convenience of electronic platforms and services.The bank's B2B Connect solution seamlessly and securely integrates with the Enterprise Resource Planning (ERP) software used by the Diwan of Royal Court and provides an automated, two-way data transfer service for high volume online payments. A major advantage is that B2B Connect minimises human errors, allows for faster turnaround and reconciliation, thereby enabling operational efficiencies. The solution was customised for the Diwan of Royal Court enabling it to go paperless and easily continue operations during the current phase brought about by