Warba Bank Enhances 'BEYOND' Digital Services to Boost Transaction Flexibility

As part of its ongoing commitment to developing digital banking services tailored for the corporate sector, NBK announced updates to a suite of services and features within its “BEYOND” ecosystem, including online corporate banking and the corporate banking mobile application. These enhancements aim to provide businesses and entrepreneurs with more flexible digital tools to manage their daily banking transactions. This move comes as the bank continues to expand its digital solutions for startups and small and medium-sized enterprises (SMEs), focusing on streamlining procedures, improving operational efficiency, and strengthening security and governance standards.

In this regard, Hamad Taisir Al-Mutawa, Head of Corporate Banking at NBK, stated: “We view the development of corporate banking services as a continuous process directly linked to the evolving needs of our clients and the nature of their businesses. From this perspective, the new updates to BEYOND deliver a more integrated digital experience, empowering business owners to execute transactions and manage their accounts with greater ease and flexibility.”

Al-Mutawa added: “We have focused on developing features that serve the daily operational needs of companies, whether through transfers, credit management, transaction monitoring, and notifications, alongside options that allow business owners to manage multiple companies through the application.”

These updates coincide with BEYOND’s recent achievement of winning the “Best for Start-Ups” award at the MEED Awards, organized by the Middle East-based economic and business affairs institution MEED. The recognition reflects the platform’s focus on supporting entrepreneurs, startups, and SMEs. The award holds additional significance as it marks the first time NBK has received an accolade from MEED, underscoring BEYOND’s strong presence in the startup-focused banking sector and reaffirming the bank’s dedication to developing banking solutions that respond to the changing business environment.

MEED awards are based on the evaluation of entries using specific methodologies and criteria established by the organizing body, including the nature of the initiative or project, its impact, the effectiveness of the solutions in meeting the needs of the target audience, as well as other elements related to implementation quality and achieved results, in accordance with the award’s established standards.

Commenting on this achievement, Al-Mutawa clarified: “Winning this award represents a significant milestone in BEYOND’s journey. We consider it a strong motivation to continue enhancing the services provided to entrepreneurs and business owners. We strive to ensure the platform supports all stages of our clients’ business growth through banking solutions that combine flexibility, efficiency, and ease of use.”

The newly launched updates include a range of tools and features that give corporate banking users broader control over their transactions. Key enhancements include the ability to execute various types of bank transfers quickly and securely, the creation of up to five approval levels for transactions, and the provision of dual approval to strengthen oversight and security.

New services also enable the electronic issuance of balance certificates and IBAN certificates, as well as the management of multiple company accounts through the application, allowing access to up to five companies via the corporate banking app. Additional features include sending invoice payment links, receiving notifications for various transaction levels, executing bulk transfers, performing multiple transfers in a single step, and issuing and delivering multiple cards with specialized functions.

Digital Solutions Beyond Transaction Management

The updates extend beyond transaction management. Through the Marketplace page in the mobile application, the platform offers integrated solutions for businesses in their new phase, including the ability to link the Al-Waha Club account to earn travel miles with the prepaid BEYOND card. Users can also customize their home screen according to their priorities, providing a more personalized experience aligned with their specific needs and usage patterns.

These features contribute to reducing the time and effort required to complete transactions, while simultaneously supporting governance and internal controls over banking operations.