MaCaug
MaCug
Riyad Bank’s MA-CUG ( Member Administered Close Used Group) E-Banking Solution integrates with Clients Enterprise Resource Planning system through SWIFT connectivity to provide rapid, end-to-end processing of payments.
MA-CUG implement’s a secure, reliable & scalable solution to increase the Straight-through-Processing (STP) using SWIFT messaging standards for all E-Banking Business Applications. The company & the participating Banks as a prerequisite are required to be the part of Swift Member Administered – Closed User Groups (MA-CUG). These memberships allow Corporate Client’s to transmit various Payments message types via SWIFTNet FIN and SWIFTNet FileAct.
MA-CUG implement’s a secure, reliable & scalable solution to increase the Straight-through-Processing (STP) using SWIFT messaging standards for all E-Banking Business Applications. The company & the participating Banks as a prerequisite are required to be the part of Swift Member Administered – Closed User Groups (MA-CUG). These memberships allow Corporate Client’s to transmit various Payments message types via SWIFTNet FIN and SWIFTNet FileAct.
Benefits:
- Online processing of financial transactions based on Customer instructions.
- Real time access to account information and allows to execute a huge volume of transactions with large amounts.
- Detailed daily/ intraday reporting on accounts available as per Customer needs