UK company has changed the narrative on financial performance and future strategy
The National Commercial Bank received the award for The Best Productivity, Efficiency & Automation Initiative, Application or Programme for 2018
Beijing, May 24th 2018- The National Commercial Bank received the award for The Best Productivity, Efficiency & Automation Initiative, Application or Programme for 2018 at the- The Asian Business Achievement Awards 2018. The award ceremony was held in conjunction with the prestigious Future of Finance Summit 2018, the foremost annual meeting for decision makers in the financial services industry in the Asia Pacific region, held at the China World Hotel, Beijing, China
- Launched an online web-based portal to achieve strategic growth and cost reductions
- Uniformity and security made AlahlieTrade a successful digital innovation
- The Bank recorded increased electronic penetration of transactions together with improved performance
Launched an online web-based portal to achieve strategic growth and cost reductions
In 2017, The National Commercial Bank launched an advanced web-based technology “AlahlieTrade” that fully integrated with the trade back trend and customer information. Investment in AlahlieTrade came in line with the Bank’s strategical direction to be the “Best Digital Bank in the Region” and determination to cut costs. The web portal provides a wide range of sophisticated Electronic Trade services to Corporate and SMEs clients, enabling them to initiate various business functions regarding trade finance while offering comprehensive statistical data access and inquiry mechanisms.
Uniformity and security made AlahlieTrade a successful digital innovation
AlahlieTrade is endowed with a wide range of digital capabilities to settle trade transactions such as import & export letters of credit initiation, shipping guarantees, document collections notifications etc. Central to these capabilities is its technical design of security model and uniform settlement of customs and rules. These features enhance the experience of NCB’s clients, both importers and exporters, when using AlahlieTrade for conducting their trade transactions or for enquiries and notification purpose.
The Bank recorded increased electronic penetration of transactions together with improved performance
In 2017, over 25% of trade transactions were settled on AlahlieTrade. It was found that following the launch of AlahlieTrade, the trade market share, transaction volume, revenue, profit and satisfaction of the NCB displayed an overall improvement. On the other hand, the Bank’s operational cost reported a noticeable reduction. All these indicators served to assured a successful implementation of AlahlieTrade.
The Frictionless Transaction Awards recognised both traditional and non-traditional players providing outstanding customer-centric solutions, connections and access channels to users of transaction services that were creatively designed to give better user experience, efficiency, speed, flexibility and cost effectiveness. The winners of this award underwent a stringent evaluation at the regional level to emerge as the most ‘frictionless’ initiative, application or programme. For specific details relating to description of the awards, evaluation criteria and process, kindly visit https://www.asianbankerawards.com/transactionawards/index.php.
About The Asian Banker
The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The company is headquartered in Singapore, with offices in Manila, Malaysia, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services, and forums.
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