Empowering businesses with digital innovation

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BANKS continually introduce innovations to enhance customer experiences and safeguard their interests in an ever-evolving financial landscape.

MBSB Bank Bhd takes a stride into the future of corporate banking with the launch of the M JOURNEY Corporate online banking platform.

As a dedicated Islamic bank in Malaysia, MBSB Bank’s latest offering caters to the evolving needs of businesses, providing a suite of innovative features aimed at simplifying and securing daily transactions.

It effectively addresses various banking needs, encompassing account management, payments, collections, and reporting.

With this offering, the M JOURNEY Corporate online banking platform sets a new standard in digital banking, reflecting the bank’s dedication to innovation and customer-centric financial services.

Key highlights

The M JOURNEY Corporate online banking platform boasts an array of cutting-edge functionalities, including:

On-the-Go Mobile Banking: The mobile interface app allows businesses to manage accounts, receive real-time transaction alerts, and securely authorise transactions, initiate individual payments, and enhance security with two-factor authentication, providing unparalleled flexibility in banking and setting a new standard for mobile banking convenience.

Virtual Account Creation: Offers a unified view of all accounts, allowing real-time monitoring of balances, transactions, and cash flow across different types and currencies.

Secure Bulk File Submission via SFTP: Businesses can submit bulk transactions securely through the SSH File Transfer Protocol (SFTP), ensuring the privacy and integrity of sensitive financial data.

DuitNow Bulk Payment Excellence: Leveraging DuitNow, businesses can execute bulk payments efficiently, streamlining financial management processes.

Innovative Liquidity Management: With features like Notional Pooling, the app enables businesses to optimise interest and cash flow by consolidating balances. Additionally, with Sweeping, it allows the automatic transfer of excess funds to maximise returns, contributing to overall financial efficiency.

Smooth Bill Payment Services: Businesses can conveniently serve as billers and facilitate bill payments. The app smoothly transitions from JomPAY to Request to Pay (RPP2), enhancing the efficiency of bill payment processes.

Efficient e-TD Placement and Withdrawal: The app empowers businesses to electronically manage term deposits, streamlining the process for enhanced financial control.

Forthcoming features:

Direct Debit Integration: The app enables businesses to create virtual accounts for streamlined collections and reconciliation. Additionally, it supports intrabank and IBG direct debits for automatic deductions and recurring payments.

Seamless Host to Host Integration: The app facilitates direct integration between clients’ ERP systems and the banking platform, promising a seamless connection for enhanced operational efficiency.

Security is paramount in the M JOURNEY Corporate online banking platform, with state-of-the-art technologies implemented to safeguard financial data, mitigating the risk of fraud and cyber threats.

Complementing the online banking platform’s launch, MBSB Bank is extending online training sessions, available on request from Monday to Friday, to ensure businesses harness the full potential of the M JOURNEY Corporate mobile app.

These training sessions, offered in a group setting, are accessible to all its esteemed customers. To enrol in a session, email your business name and the number of attendees to dcmclientservices@mbsbbank.com.

M JOURNEY Corporate online banking platform is a comprehensive and innovative digital banking solution that can help businesses of all sizes simplify their banking services and streamline daily transactions. It provides ease of banking services via simple and user-friendly internet banking connections.

For more information over this innovative digital banking solution, visit here.

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