EDB Launches Cash Management Portal for Business Clients

Emirates Development Bank (EDB) has launched a new online Cash Management portal for its business clients, developed in collaboration with digital banking solutions provider Tagit. The new platform aims to simplify cash flow processes and enhance financial management for EDB’s clients.

The Cash Management portal provides EDB’s business clients with greater control and efficiency in managing their finances. Using Tagit’s Mobeix Corporate Banking Product, the platform enables the bank to innovate and expand its offerings as the customer base grows. The project was completed in just 11 weeks.

Sandeep Bagaria, CEO of Tagit, praised EDB’s vision for next-generation digital banking services. “Our partnership with EDB reinforces our commitment to delivering world-class products and services to banks and financial institutions in the Middle East,” Bagaria said.

As the sole development bank in the UAE, EDB plays a crucial role in the nation’s economic advancement through initiatives that promote innovation, entrepreneurship, and sustainable growth. The bank’s support for Small and Medium-sized Enterprises (SMEs) and contributions to the industrial GDP are vital to the economy.

The new portal is part of a broader effort to transform EDB’s corporate banking services. Supported by Tagit’s local partner, Stratic Consulting, the Mobeix platform offers comprehensive features, a user-friendly interface, and robust security. It ensures seamless service across mobile and web platforms, increasing market reach and enhancing customer engagement.

EDB’s strategic alliance with Tagit is set to deliver significant value to all stakeholders, catering to the varied requirements of its business customers with cutting-edge digital solutions.