(MENAFN Press) An online trade portal recently launched by United Arab Bank, the fastest growing bank in the Middle East, will transform the ease and speed with which corporate customers can complete an array of trade finance transactions
UAB Trade Portal provides a reliable, fast and secure gateway for UAB customers to create, track and report their organizations' transactions. The interactive, web-based platform also offers a range of convenient reporting features, with an intuitive, user friendly interface that is available 24 x 7
The portal enables corporate customers to seamlessly initiate products online in a fully secure environment, such as commercial and standby letters of credit, shipping and bankers guarantees, and financial requests. Electronic reports and statements allow for transactions to be monitored and amended remotely, without the need to visit a bank branch
The new service will further augment UAB's award-winning trade finance offering. UAB was adjudged 'Best Trade Finance Bank UAE, 2013' by the UK's International Finance Magazine at a recent award ceremony in Dubai, where it also won 'BestHome Finance Provider'. In recent years the bank has won several more accolades recognising the quality of its services to corporates and SMEs.
Commenting on the launch of the portal, Howard Kitson, Executive Vice President - Wholesale & International Banking, said: "We are committed to achieving excellence in everything we do to be able to meet the growing demands of our customers. The industry recognition we have received confirms our continuing efforts to stay ahead of our competition by providing the best product propositions and innovative solutions to our Corporate and SME segments, backed by impeccable service standards.
The portal and its features were introduced by UAB's Corporate Banking Product Development unit to a group of corporate customers and received much positive feedback for its potential to improve efficiency and productivity. JBF RAK LLC, an industry leader in packaging products, is the first client to have signed up to and implemented the service. Going forward, UAB plans to conduct a workshop on the portal for its corporate and SME customers to help them utilize the platform to its full potential