Member Administrated Closed User Groups MA-CUG

Member Administrated Closed User Groups MA-CUG

Enables you to submit your transactions related to payments, cash management services and treasury products through SWIFTNet. Bank will sponsor your SWIFT participation and transacting through secure SWIFT.

  • Automates the payment process
  • Saves time in filling Bank’s forms and filing cheques
  • Allows the use of existing corporate infrastructure for submission of requests to Bank
  • Simplifies the reconciliation process

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Existing or New Riyad Bank Client *
Required existing or new client
Company / Establishment Name required
Company Identification required
Company Identification number required Invalid identification number
Turn over required
Company City required
Title is required
Requester Name required
Requester Mobile required Invalid mobile number e.g.: 966569876765
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Please complete the form below and we’ll call you as soon as possible:

Existing or New Riyad Bank Client *
Required existing or new client
Company / Establishment Name required
Company Identification required
Company Identification number required Invalid identification number
Turn over required
Company City required
Title is required
Requester Name required
Requester Mobile required Invalid mobile number e.g.: 966569876765
Verification required Invalid verification code
 
Cancel
close

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Overview

Riyad Bank’s MA-CUG e-Payment Solution integrates with your Enterprise Resource Planning system (ERP) to provide rapid, end-to-end processing of payments and access to bank account information. Multi-layered security architecture comprising of firewalls, filtering routers, encryption and digital certification ensures that account information and payment instructions are protected from unauthorized access.

The existing Riyad Bank’s e-Banking capabilities are extended with the evolution of SWIFTNet, a secure IP-based messaging platform. This helps ease connectivity and increases Straight-through processing (STP) between your ERP with that of the bank’s system , and provides a more secure, cost-effective and standardized messaging services to Corporate Clients.

  • Eliminates the need to use traditional channels for financial transactions
  • The company and the participating Banks are required to be part of MA-CUG
  • Ability to retrieve statements in Swift MT9xx format
  • Automates the payment process
  • Saves time required in filling Bank’s forms and filing cheques manually
  • Allows the use of corporate infrastructure
  • Simplifies the reconciliation process
  • All corporate clients are eligible