The National Bank of Bahrain has entered into a partnership agreement with the Society for International Interbank Financial Telecommunications (SWIFT), which is A world-leading cooperative association in providing secure services for international money transfer systems, with the aim of providing a service ( Swift JoeSwift-Go) to his clients. This partnership was announced during the “Cibus Conference 2022”, which was held in Amsterdam, in the presence of Representatives of the banking and investment services department for companies and financial institutions in the bank, and representatives of the (SWIFT) associationSWIFT.
This partnership enshrines the bank’s firm commitment to continue providing its customers with innovative and secure solutions for managing international remittances and payments, including It contributes to enhancing the banking experience for the bank’s customers who use these solutions. Under the partnership, (Swift Go) service will be providedSwift-Go) for small international payments, through which the bank’s clients in the category of medium and small companies will be able to Send cross-border payments directly, quickly, completely securely, and at a competitive rate.
It is reported that the service (Swift GoSwift-GoIt is a fundamental achievement and a pivotal part of the strategy adopted by the Swift Association.SWIFTIt allows instant and seamless money transfer transactions without any complications. This service also connects more than 11,000 banking and security institutions differ in their infrastructure systems and target customer groups and operate in more than 200 markets financial services around the world, which makes the process of communication, transmission and exchange of unified financial messages a safe and easy task It is a service adopted by many financial institutions around the world, as the number of subscribers to the (Swift) service exceeds AtmosphereSwift-Go) 250 banks in more than 70 countries.
In a fast-paced economic landscape, the National Bank of Bahrain continues its commitment to cooperation and partnerships with various organizations and entities The global leader in its field, and seeks to keep up with everything new in the financial markets to launch an innovative and distinct package of banking services. This comes with the aim of enriching the experience of its customers by providing the latest solutions that meet their aspirations and meet their financial needs.
