Host-to-Host (H2H)

H2H offers seamless integration between ABK's systems and your accounting system (ERP), enabling secure data transfer, efficient payment processing, and receipt acknowledgments for transaction status. Additionally, it provides account statements in the MT940 format, facilitating easy uploading into your ERP/accounting system for streamlined reconciliation. By implementing this solution, the exchange of financial data between your organization's accounting system and the Bank is streamlined and automated, ensuring adherence to established standards and maintaining a high level of security. This integration simplifies processes, reduces the need for manual intervention, and minimizes the risk of errors in data exchange and payment handling.

SWIFT for Corporates

SWIFT for corporates and financial institutions offers a comprehensive solution for standardizing and optimizing financial communication with multiple banks worldwide, all on a single, secure platform. This service simplifies the process of submitting payment requests and receiving bank statements by utilizing the SWIFT message format through SWIFT. By using the MT940/950 end-of-day account statement, you gain access to accurate and structured daily information regarding all transactions recorded on your account from the previous business day.

Collections

ABK offers flexible and efficient services to help you collect your cash, cheques and e-receivables. We facilitate cash and cheque pickup and delivery services through reputed service providers and offer the acquiring service for Point of Sale (POS), Payment Gateway (PGW), and e-invoicing (payment links) services. To reconcile POS and PGW related transactions, you can view and download transaction reports pertaining to specific or all terminals per date via ABKnet.

Liquidity Management

Enhance the management of your surplus cash through our set of day-to-day and long-term deposit products by focusing on increasing the funds’ availability and managing deposit balances. Our solutions help maximize the returns on idle or surplus cash and reduces costs. They cover standing instructions, simple and complex sweeping and pooling capabilities.

Trade Finance Services

Initiate trade transactions and access real-time trade account information at your convenience with ABKnet, our digital banking platform. Utilize ABKnet to access the details of your LCs and LGs transactions, as well as issue and amend them.

Apply Now

To apply, please contact your relationship manager by emailing CashManagementUnit-SFD@abkuwait.com or contacting ABK’s Cash Management Unit team at 1899899. For complaints, please email ComplaintUnit@abkuwait.com

Forms
Please click here to access the relevant corporate forms.