Global Transaction Banking
As part of KFH Egypt strategy to meet the ongoing technological and financial developments tackling the bank client’s needs and in line with the nation wide orientation for financial inclusion, more cashless society & digital transformation.
Global Transaction Banking “GTB” was established in 2015 to provide KFH Egypt’s corporate / enterprises with an array of innovative products and services that meets the company daily operations requirements including Company’s collections and payables along with contributing in the automated strategy.
Global Transaction Banking
• Receivables Reports
• Cash & Cheques pickup Services
• Single Payment
• Bulk Payments
• Governmental Payments
• A4 Customized Corporate Cheques
• B2B Corporate Internet Banking
• Corpay
The trade portal provides online trade services to our clients, these services are essential for businesses engaged in importing and exporting goods or services and issuing local and international guaranties.
• Imports and exports:
• Letter of credit.
• Shipping Guarantees.
• Documents for collections.
• Local and international guarantees.
• Reports:
• The client can extract reports for all transactions executed through trade portal with status and history.
A standard structured swift customer statement message:
• Full detailed statement for the day.
• Open and closing balances.
• Confirm to the format description specified by SWIFT.
• Message Can be downloaded directly from KFH B2B corporate online banking, or could be sent by e-mail or sent directly via swift message for clients who are swift subscribers.
It is a swift message with a standardized format used for secured financial communication between banks and other financial institutions worldwide.
• Streamlined payments: It allows for easy submission of payment instructions in a single message.
• Enhanced efficiency: Utilizing MT101 can reduce manual errors and leading to quicker transactions settlements.
• Increased transparency: tracking of payments instructions, facilitating better financial management.
• Customer’s ERP system can manage to export the payment and send them directly to KFH B2B for authorization.
• An automated solution for high volume transfers along with auto reconciliation between KFH Egypt and corporate clients.
• The service is provided thought the post Authorization Module whereas company’s authorized signatory must approve the transaction using the Authorizer access before the payment received at the bank.
