Mashreq Enhances Digital Corporate Banking Landscape in Qatar with Launch of NEO CORP

Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of Mashreq NEO CORP in Qatar, providing the country an innovative digital corporate banking platform to enhance the customer experience for corporate clients.

Mashreq’s NEO CORP digital banking platform offers a comprehensive suite of cash management and trade services, including account services, payments, collections, import and export trade services, and banks letter of guarantees. The platform boasts an intuitive interface with easy navigation, streamlining the customer journey and enhancing efficiency and convenience. Adhering to its ‘one-click’ design philosophy, users can access over 80% of all functionalities with just a single click.

Real-time data and analytics empower businesses to make swift and informed decisions, while the 24/7 availability allows clients to access crucial details and conduct transactions regardless of time and place. Robust security measures safeguard sensitive information during all transactions, ensuring a secure and reliable platform.

Salman Gulzar, Country Head, Mashreq Qatar said: “I am thrilled to introduce Mashreq NEO CORP to our corporate banking customers in Qatar. This new platform embodies our dedication of providing innovative solutions for our clients and solidifying our longstanding presence in the country. The platform provides a customer-centric experience while delivering on speed and efficiency. Additionally, it offers actionable insights through real-time information, empowering businesses across Qatar to streamline their banking operations and enhance financial efficiency.”

Mashreq NEO CORP is developed addressing corporate clients’ needs for efficiency and digital services in mind. Leveraging the latest state-of-the-art, scalable native cloud microservices architecture, the platform offers banking services through web and mobile banking, host-to-host, and next-generation application programming interfaces (APIs). These APIs facilitate direct connectivity to a business’s customer apps, e-commerce sites, supply chains, and broader industry ecosystems.

Victor Penna, Global Head of Global Transaction Banking at Mashreq, said: “Our primary objective is to become the most progressive and inspiring challenger bank in the region. We achieve this by embracing new technology and innovate to deliver our goal of providing an exceptional client experience. Our industry position and experience give us a competitive edge in the corporate banking sector. NEO CORP is not just a standalone service, it’s an integral component of a comprehensive ecosystem that prioritizes customers. We are excited to expand the availability of our NEO CORP offering and further accelerate digital transformation in the corporate banking landscape of Qatar.”

Mashreq NEO CORP is set to be rolled out across other countries in the Gulf region in the coming months, underscoring the bank’s commitment to strengthening its regional presence with the strongest possible digital offering.