SingleView and Awwal Bank "SAB" cooperates to Provide the Latest Financial Solutions for the Business Sector
SingleView, the leading company in financial services and cash management solutions, has signed a cooperation agreement with Awwal Bank “SAB” to provide several financial services related to cash and liquidity management solutions for the bank's clients. The agreement was signed at Awwal Bank “SAB's” headquarters in Riyadh, in presence of Mr. Abdulrhman Alarifi, CEO of "SingleView", and Mr. Youssef Al-Raqeeba, General Manager of Cash and Liquidity Management at Awwal Bank “SAB”.
Under the agreement, "SingleView" will provide cash liquidity management services for corporate clients' accounts at Awwal Bank “SAB”, offering its specialized technical expertise in resource and liquid asset management to ensure the necessary liquidity to meet obligations. Additionally, clients will benefit from SingleView’s products for cash and liquidity management, enabling them to manage their cash operations through a single platform. This will enhance the quality of electronic transfers, allow daily monitoring of receivables, and control outgoing cash flow. SingleView will also improve the cash liquidity performance of companies with sub-accounts, simplifying administrative operations and providing a single platform for collections and payments.
"We are pleased with this cooperation with Awwal Bank “SAB”, which will empower our efforts in enabling the bank's corporate clients to benefit from our services, helping them to improve their profits and achieve sustainable success. We are confident that cooperation with Awwal Bank “SAB” will significantly impact both parties' performance, especially given the growing challenges facing the business sector. Our goal is to enhance performance in cash and liquidity management to serve a vital sector of large companies by enabling them to benefit from SingleView’s innovative solutions and the solutions provided by Awwal Bank to its clients”, Mr. Abdulrahman Al-Arefi, CEO of SingleView, commented on signing the agreement.
On the other side, Mr. Youssef Al-Raqeeba, General Manager of Cash and Liquidity Management at Awwal Bank “SAB”, said: "This cooperation is part of our ongoing efforts to enhance cash and liquidity management at Awwal Bank “SAB” to meet our corporate clients' needs for executing transfer and liquidity operations by relying on SingleView’s innovative technologies, whether in the field of simple payment solutions or services related to managing complex accounts."
SingleView is one of the leading companies in providing cash solutions in Saudi Arabia, offering its innovative products and solutions to enable companies across various sectors to streamline and accelerate their financial operations, especially payment processes. The agreement between SingleView and Awwal Bank “SAB” aligns with achieving national strategic goals in line with Vision 2030 by accelerating the pace of digital transformation in the financial services sector in the Kingdom.
