Cash management solutions
Payroll
Riyad Bank offers Corporate Banking Customers – Corporates and Government Institutions alike, Payroll solutions, as a part of its portfolio of Payment services, enabling them to deposit the salaries of their employees directly into the Employees’ accounts, with the flexibility to make local or cross-border salary disbursements.
- Payroll Generator to prepare and validate the Payroll files in an effortless fashion
- Process the payments electronically - timely and securely
- Auto reconciliation and no need for paperwork
- Direct credit to the employee account – in Riyad Bank or other Banks in the Kingdom
Off-Plan Sale Escrow Account
Off Plan Sales, Sale on Map, and Real Estate Escrow Account are different names for a bank account designated for under-construction property where the deal between developer and buyer happened based largely on development plans. All payments by buyers for the construction of the off-plan project are credited into this Escrow Account.
Riyad Bank, through its Real Estate Escrow Account (REEA), acts as an Escrow Agent and protects the interest of buyers and sellers of real estate projects.
Riyad Bank, through its Real Estate Escrow Account (REEA), acts as an Escrow Agent and protects the interest of buyers and sellers of real estate projects.
Riyad collect
Riyad Collect is a corporate customers solution to collect the Fee / dues and bills of the customers through an integrated electronic channels and directly credits into Customers Collection Account.
Riyad Collect solution provides the settlement of the Fee / bills due through BBAN / IBAN Virtual Accounts Transfers.
Riyad Collect solution provides the settlement of the Fee / bills due through BBAN / IBAN Virtual Accounts Transfers.
Riyad access
Welcome to Riyad Access, our groundbreaking B2B simulation platform. Experience the future of seamless banking integration as we simplify and enhance the process for businesses, ensuring a smooth transition into a more efficient financial landscape.
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.
Dividends Distribution
Dividends Distribution allows listed companies on Saudi Exchange Market (Tadawul) to deposit their dividends directly into their shareholders account, and reserve cash in Riyad Bank branches for pickup by shareholders.
Securities Clearing (GCM)
Securities clearing with Muqassa, including stocks & derivatives products in the Saudi Exchange Market (Tadawul). which enable our clients (Brokers in the capital market) to become non-clearing members with Riyad Bank to clear their house and clients trades in the Saudi Exchange Market (Tadawul).
Business To Business
B2B E-Banking Solution integrates with corporate clients system to provide rapid, end to end processing of
payments and access to bank account information.
It’s Multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that account information and payment instructions are protected from unauthorized access.
payments and access to bank account information.
It’s Multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that account information and payment instructions are protected from unauthorized access.
Direct Credit
A Payment solution enabling the clients to distribute payments to their beneficiaries directly into their accounts for the purpose of (loans, bonuses, incentives, Insurance Compensations, employee expenses, insurance settlements, refunds, and other types of payments).
Direct debit
Direct Debit Solution allows corporate Customers to collect payments directly from their beneficiaries' accounts whether at Riyad Bank or at other local banks by using the Saudi system for money transfers (SARIE).