Bank Muscat implements MKI trade solution

Bank Muscat implements MKI trade solution

Bank Muscat has implemented Midas-Kapiti International's (MKI) Trade Innovation solution in Oman and India, to support its international trade finance operations.

Musallam Al-Shukairy, assistant general manager, trade finance and overseas credit, Bank Muscat, says the solution provides corporate customers with the ability to initiate transactions and make enquiries about the progress of transactions using dial-up or Internet connections.

The chosen package had to ensure customers benefited from the investment as soon as possible, he says, and to provide a high degree of integration with the bank's core banking system.

"Trade Innovation met our requirements on both these fronts, being quick to implement and a very open system giving us the integration potential we require. Its flexibility also allows us to use the same system in our Indian operation, which has different regulatory requirements," says Al-Shukairy.

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