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

To apply please email our sales team on Tss-cmsales@riyadbank.com or call:

• Eastern region: +966-13-833-5733 Ext. 4505
• Western region:+966-12-260-9092
• Central region: +966-11-486-5978