Our friends at Mashreq will launch their new digital corporate banking platform, dubbed Mashreq Neo Corp, in Egypt, after obtaining the necessary regulatory approvals, according to a press release (pdf). The platform offers 24/7 online access to comprehensive money management and trade finance services.

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About the platform: The one-click interface offers a comprehensive range of cash management and trade services — including account services, payments, collections, guarantee management, import and export trade services, post-dated cheque discounting, and supplier financing.

A wide reach: The lender launched Mashreq Neo Corp in Qatar, Kuwait, and Bahrain last year, with plans to roll out the digital banking platform across other Gulf countries. But Egypt will be the first country to get the full suite of Mashreq Neo Corp products and services and the only country outside the UAE to “enjoy the broadest set of products and services equivalent to that offered in the UAE.”

What they said: “We believe the introduction of Mashreq Neo Corp will put Mashreq at the forefront of transaction banking in Egypt, with the most comprehensive, advanced, digital, and client-friendly platform of any offered in the market,” Group Head of International Banking at Mashreq Tarek El Nahas said.

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