Emirates Islamic Partners with Kimera Group for Advanced Cash Management Services
Emirates Islamic, a prominent Islamic financial institution in the UAE, has secured a key partnership with Kimera Group, becoming the primary cash management service provider for their financial operations across the Emirates. This collaboration marks a significant development in the banking landscape, particularly for corporate operations in the region.
Comprehensive Digital Banking Solutions
Under the new agreement, Emirates Islamic is set to offer a wide array of advanced digital and operational banking solutions designed to streamline financial processes for Kimera Group. These solutions include:
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Access to Digital Platforms: Kimera will utilize Emirates Islamic’s innovative tools, such as businessONLINE and smartTRADE, to manage their banking operations efficiently.
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Smart Cash Deposit Machines: The introduction of Smart Cash Deposit Machines (SCDM) will enhance cash handling by allowing secure, quick deposits.
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Cheque Scanning Services: Utilizing the Image-based Cheque Clearing System (ICCS), Kimera will benefit from modern cheque processing capabilities.
- Remote Cheque Printing: The capability for remote cheque printing offers additional convenience and flexibility in financial transactions.
Furthermore, Emirates Islamic will also support Kimera Group by providing Payroll services that are not reliant on the Wages Protection System (WPS) and personalized Corporate Credit Cards tailored to meet their distinct requirements.
Commitment to Innovation in Banking
In a statement regarding the partnership, Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic, expressed enthusiasm about working with Kimera Group to address their evolving financial needs. He highlighted the bank’s dedication to innovation and operational excellence in delivering client-centric solutions.
Wajid emphasized the institution’s ongoing commitment to providing "digitally-first banking solutions" that foster efficiency, convenience, and agility—all pivotal in supporting businesses on their digital transformation journeys.
Kimera Group’s Strategic Financial Advancement
On the other side of this partnership, Tariq Al Ghussein, CEO of Kimera Group, noted that collaborating with Emirates Islamic represents a strategic step forward in enhancing their financial operations. He underscored that the institution’s cutting-edge digital banking solutions would enable Kimera Group to improve operational efficiency, optimize transaction management, and cultivate greater financial agility.
Al Ghussein articulated that this partnership aligns with Kimera Group’s objective to incorporate top-tier financial solutions that bolster their growth and operational effectiveness.
A Key Player in the UAE’s Banking Sector
This collaboration not only represents a significant milestone for Kimera Group but also reinforces Emirates Islamic’s role as a pivotal player in the corporate banking industry within the UAE. The bank is committed to providing Sharia-compliant, technology-driven solutions that are essential for business growth and operational proficiency.
As Emirates Islamic continues to innovate and implement modern financial solutions, the partnership with Kimera Group stands as a testament to the bank’s dedication to serving the needs of corporate clients in a rapidly evolving financial landscape.
In conclusion, the partnership between Emirates Islamic and Kimera Group exemplifies a shared vision for harnessing digital banking to enhance financial operations, reflecting a broader trend in the UAE’s commitment to adopting advanced banking practices.
