1. DIY Registration Process:

• SMEs can easily register for the Retail Internet Banking (RIB)
  platform through a user-friendly, do-it-yourself (DIY) process.
• No documentation or formal request to the bank is required, ensuring a seamless onboarding experience.

2. Two-Step Password Authentication Using OTP:

• The platform includes a new, easy, and secure two-step password generation process.
• Utilizes One-Time Passwords (OTP) to provide an additional layer of protection for users.

3. Bulk File Upload for Payroll Management:

• Supports bulk file uploads for payroll management.
• Allows SMEs to efficiently manage their payroll processes with ease.

4. Comprehensive Transaction Capabilities:

• SME customers can transact using retail internet banking with the following advantages:
  • Credit/Debit Card details and service requests
  • Quick fund transfer(M2I)
  • Fund transfers
  • International fund transfers
  • Utility Bill payments
  • Account statements
  • Salary bulk uploads

5. One View for Multiple Entities and Accounts:

• Multiple CIFs and accounts can be added in a single Retail Internet Banking (RIB) login.
• Provides a holistic view of all account details and statements for better liquidity management.
• Benefits:
  • Enhanced Security: The two-step password generation using OTP ensures a higher level of security for transactions.
  • Efficiency: The DIY registration process and bulk file upload feature streamline banking operations for SMEs.
  • Convenience: Comprehensive transaction capabilities and the ability to view multiple entities and accounts in one place make banking more convenient for SMEs.