Cash Management and Payment


Modern cash management solutions help corporates to manage all their financial bank-to-corporate and corporate-to-bank processes as well as internal payments in an efficient and centralized way. Al Faris cash management solution is a global cloud service that connects to any bank and financial back office system. Our focus is in helping you mitigate risks and fraud, implement group-wide harmonized processes, boost automation, and gain full visibility and transparency on cash.

Consolidating payments and collections of large corporations into centrally managed treasuries is one of today’s key trends. A modern treasury needs payment and collection solutions that are built from the ground up to meet the best industry practices and standards. The recognized role of cash forecasting helps top performing companies’ finance and treasury organizations not only work more efficiently with cash, but to actually support their business by providing valuable cash flow analysis.

More than one thousand organizations rely on Al Faris cloud based payment and cash management solutions that have end users in over 50 countries. We at Al Faris are firm believers in artificial intelligence and machine learning which can be used in several finance processes. For cash management we currently have programs in place to include machine learning (ML) based fraud and anomaly detection as well as cash flow forecasting based artificial intelligence (AI). Even though these areas are still under development we are more than happy to discuss why and how we believe that both AI as well as ML will deliver faster and more accurate cash management processes in the very near future.


Our Capabilities

Transaction banking processing

Fusion banking delivers the most complete and connected suite of solutions for corporate banking on the market. Grow your transaction services revenue with a unified platform for enterprise digital enablement, combined with front-to-back processing across trade finance, treasury services, payments, cash management and commercial lending.

Al Faris clients deepen customer loyalty, increase the win rate of new business and see transformational efficiencies that boost margin, revenue and service. Gain the insight and relationship banking tools to deliver the digital user experience and the working capital solutions that commercial clients demand. Go digital and get connected. Build a nerve centre for corporate and transaction banking expansion.

Utility Bill Processing

For companies with many locations across the country, the need to drive down utility costs and improve facility efficiency is critical to stay competitive. Tracking invoice data and doing a comprehensive audit to ensure the correct amounts are being paid is labor intensive and often outside the scope of most accounts payable departments. Dealing with billing mistakes becomes a reactive, rather than proactive, task.

Al Faris provides complete management of all of these tasks so our clients are able to focus on proactively driving cost savings and facility efficiencies. Utility Bill Processing and Analysis provides a fully outsourced payment solution with detailed data capture, robust reporting and best in class analysis capabilities. Al Faris consolidates thousands of invoices into one simple invoice for the client to process and provides an automated feed of data to their accounting software. Our clients can therefore better track how each facility manages energy, water and waste costs and consumption.

Retail Banking Overview


The Retail Banking solution from Al Faris provides its customers flexibility in transactions. Today, retail bankers have to cope with numerous challenges as a result of the ever-changing economy. They must keep abreast of the latest retail banking technology and respond to customers with alacrity. Risk management and compliance are two other areas banks need to focus on. Our Retail Banking solution from Al Faris facilitates retail banks with flexible, auditable and easily-built end-to-end processes for all transactions – across lines of business and channels. Our solution uses configurable parameters and a compact business process engine to help banks manage all retail banking needs.

Our retail banking suite comprises solutions such as:

  • Core Banking
  • Payments
  • Wealth Management
  • Mobile Banking

The key benefits offered by our Retail Banking solution from Al Faris include:

  • Capability to create new products easily and quickly
  • Simple integration with legacy back-office systems
  • All-encompassing support for delivery channels including branch, internet, call center and mobile
  • End-to-end processing from front- to back-office
  • Effective business intelligence and reporting capabilities
  • Easy integration to CRM and marketing tools

Our Capabilities

Transactional Accounts(Current Account)

Transaction accounts of legal persons are in accordance with current legislation the only accounts, through which legal persons and sole proprietors can receive and remit funds in payment transactions.

Transaction accounts of individuals are in accordance with current legislation the only accounts, through which legal, natural and civil law persons can receive and remit funds in payment transactions. They are multi-currency accounts onto which numerous instruments are bound, that simplify and speed up the disposal of assets. The service include the full transaction banking processing for Current Accounts.

Saving Accounts

In a world of rock-bottom interest rates, you need to make sure you put your money into the right type of savings account with the best possible rate. Yet there are several different types, and bizarrely, the best savings rates are now on current accounts.

In today’s world, hard cash in a gunny sack isn’t the safest or smartest way to manage your finances. Today, we stash our money with banks, who have enabled us to track our balances, transactions, etc. through a variety of means – both in print, and online.

When an individual approaches a bank with some money and requires the bank to provide a secure place to store that money, the bank will offer the individual its most basic product – a savings bank account. The service include the full transaction banking processing for Saving Accounts.

Debit Cards

Al Faris offers a wide range of debit cards. You may be a college student, a working woman, a member of the armed forces, a professional or a businessman; Al Faris has a debit card for one and all. Our Debit cards are tailor-made and specific to your needs. Further, you can get your debit cards personalised. The Debit Card which is your ATM Card is accepted across ATMs in the country and lets you withdraw money anywhere, anytime.

Credit Cards

Presenting, a Credit Card for every need Extreme convenience, unmatched benefits and jaw-dropping discounts await you with each Al Faris credit card. Explore a world of exciting features and benefits with a wide array of credit cards from AL Faris. Cashbacks, discounts, frequent flier miles or movie tickets; whatever be your lifestyle and spending habits, we have a credit card for you. Browse through the wide range of credits, You can also apply online. Go ahead and find your credit card now.

Mobile Banking

A comprehensive enterprise-wide solution, the Mobile Banking solution from Al Faris blends rich banking services with dynamic customer management. It helps you provide your customers with the flexibility and convenience of managing their finances anywhere, anytime.

Al Faris solution follows the “single platform, multiple components” framework to provide support for various delivery mechanisms across networks and handsets. It also supports metadata-driven generation for faster customer reach, time-to-market and configurability.

In a nutshell, the Mobile Banking solution from Al Faris is a secure, easily accessible convenient and scalable mobile banking technology. The service include the full transaction banking processing through mobile banking for the retail banking.

Corporate Banking Overview


Compressed margins, poor customer insights, legacy systems with limited business functionality, and the ever-increasing pressure of regulatory compliance are some of the challenges faced by today’s corporate banks. To help corporate banks overcome these challenges, Al Faris offers a wide array of services aimed at modernizing different banking processes, including Cash Management, Commercial & Mortgage Lending, Leasing, etc.

Al Faris’s Corporate Banking Services provide specialized solutions to connect current application technologies to support corporate business strategies. Leveraging its experience across various facets of corporate banking domain, Al Faris’s end-to-end customer-centric solutions help banks refocus strategies around corporate needs. Al Faris’s value-based service approach and deep domain expertise enables leading corporate banking firms manage risks, enhance operational efficiencies, achieve cost optimization, and prevent revenue leakage, while improving their service levels.

Services

Al Faris offers leading-edge solutions to help banks simplify their corporate banking operations and build a more sustainable business model based on competitive differentiation. We have successfully delivered several mission-critical corporate banking systems for major global banks.

Our Capabilities

Global Provisioning System (Loans)


Al Faris offers a wide range of loan products to meet diverse needs.

Al Faris offers many types of loans that make it possible for you to realize your dreams. Want a buy your dream home or that great car? Want to go on a world trip with your family or buy a flat panel TV? No matter what you desire, a bank loan will help you realize it. Al Faris offers some of the best loans in UAE, at attractive interest rates and with flexible pay back options. Our bank loans are designed to meet the needs of diverse individuals.

This product provide an overall automated system to track, distinguished and identify the potential customers (corporate customers). This product helps to track down the overall process of loan system and flow of information in the bank.

Secured Loans


By using your personal assets such as your home, car, or savings as collateral for a secured loan, you could access lower interest rates and better borrowing options.

Finding the loan that’s right for your situation is important, so that you get the rates, terms, and payment options that fit your needs. Secured loans might be a good choice if you have personal assets such as equity in your home, car, or savings account that can be used as collateral. Plus, secured loans may offer lower interest rates, larger loan amounts, or better terms than unsecured loans.

A secured loan like mortgage loan is a very common type of debt instrument, used to purchase real estate. Under this arrangement, the money is used to purchase the property.. Our product helps to automate the process to make it more easy and transparent.

Unsecured Loans


unsecured loans offered by Personal Money Service are a perfect choice. We offer you to try our improved service that is available 24/7. Our application is easy, thus can be fulfilled with least efforts involved. It just requires some basic details which are needed for the lenders to make the decision on your personal loan request. Fast service is one of the major advantages of the service presented by our company. We basically make it possible for the customers to get the money they need not later than the next business day making it possible for them to cover any emergency expenses without any delay.

Unsecured loans are monetary loans that are not secured against the borrower's assets (no collateral is involved). There are small business unsecured loans such as credit cards and credit lines to large corporate credit lines. These may be available from financial institutions under many different guises or marketing packages such as:

Bank overdrafts

Corporate Bounds

Credit card debit

Credit facilities or lines of credit

Personal loans

Commercial Banking Overview


Commercial Banking Division has strong business relationships with prestigious business houses in Saudi covering various economic sectors such as automobile, construction, travels, real estate and general trading amongst others.

We offer highly customized solutions, advisory services and structured finance including term loans, working capital financing and all corporate banking requirements to meet the business needs of the corporates in Saudi. Our experienced relationship officials can effectively address the financing requirements of businesses in various sub-sectors.

Al Faris also offers medium-term loans repayable in periodic installments targeted to meet capital requirements of commercial organizations. Our experienced credit personnel shall be glad to assist you in structuring your financial requirements.

Al Faris has a strong presence in contract financing whereby we provide comprehensive financing package covering funded & non funded requirements of project contractors / sub-contractors.

Our Capabilities

Global Provisioning System (Loans)

Al Faris offers a wide range of loan products to meet diverse needs.

Al Faris offers many types of loans that make it possible for you to realize your dreams. Want a buy your dream home or that great car? Want to go on a world trip with your family or buy a flat panel TV? No matter what you desire, a bank loan will help you realize it. Al Faris offers some of the best loans in UAE, at attractive interest rates and with flexible pay back options. Our bank loans are designed to meet the needs of diverse individuals.

This product provide an overall automated system to track, distinguished and identify the potential customers (corporate customers). This product helps to track down the overall process of loan system and flow of information in the bank.

Secured Loans

By using your personal assets such as your home, car, or savings as collateral for a secured loan, you could access lower interest rates and better borrowing options.

Finding the loan that’s right for your situation is important, so that you get the rates, terms, and payment options that fit your needs. Secured loans might be a good choice if you have personal assets such as equity in your home, car, or savings account that can be used as collateral. Plus, secured loans may offer lower interest rates, larger loan amounts, or better terms than unsecured loans.

A secured loan like mortgage loan is a very common type of debt instrument, used to purchase real estate. Under this arrangement, the money is used to purchase the property.. Our product helps to automate the process to make it more easy and transparent.

Unsecured Loans

unsecured loans offered by Personal Money Service are a perfect choice. We offer you to try our improved service that is available 24/7. Our application is easy, thus can be fulfilled with least efforts involved. It just requires some basic details which are needed for the lenders to make the decision on your personal loan request. Fast service is one of the major advantages of the service presented by our company. We basically make it possible for the customers to get the money they need not later than the next business day making it possible for them to cover any emergency expenses without any delay.

Unsecured loans are monetary loans that are not secured against the borrower's assets (no collateral is involved). There are small business unsecured loans such as credit cards and credit lines to large corporate credit lines. These may be available from financial institutions under many different guises or marketing packages such as:

Bank overdrafts

Corporate Bounds

Credit card debit

Credit facilities or lines of credit

Personal loans

Global Transaction Service Banking Overview


Global Transaction Banking (GTB) incorporates all areas of expertise and services aimed at facilitating the transactional activities of major economic and financial players, both domestically and globally.


A global and efficient offer

Whether your activities are domestic or international, you get to benefit from services and products that we continually develop and adapt to your specific requirements. Operating in more than 50 countries, we provide you with the international expertise of a major banking group and over twenty years of experience across our various business lines.

The responsiveness and dynamism of our teams, the solidity of our networks and the diversity of our product range allow you to optimize the day-to-day management of your commercial operations and transactions.

Global transaction banking is the division which provides cash management, custody services, lending, and securities brokerage services to institutions. Prime brokerage with hedge funds has been an especially profitable business, as well as risky, as seen in the bank run with Bear Stearns in 2008.

Transactional Banking with the provision of online banking services accessible 24 hours a day, 365 days a year to the customers worldwide. As the world reeled from the financial crisis brought on by the reckless behavior of Wall Street, and a profusion of toxic investment instruments in the market, one area of finance was on the rise – Transaction Banking. This low risk, high profit business has gained even more attention in recent years as banks have been forced to look for capital sources outside of traditional markets.

Among the various functions adhered to by Transaction banking, the main operations are its presence behind the scenes and offering solutions to treasury. In the broadest definition, transaction banking allows for the safe and efficient movement of cash and securities around the global financial system.

Our Capabilities

Making Staff Superannuation Payments

Superannuation, often called super, is money saved in a fund over a person’s working life to live on when they retire from work. As an employer, you’re required to contribute money to your employee’s super fund.

You’re considered an employer if you employ a person under a verbal or written employment contract on a full-time, part-time or casual basis. A basic guide to what superannuation is, your superannuation obligations as an employer and how to meet these obligations.

Offering solutions for staff’s superannuation payments through Quick Super

Electronic Solutions


Our mission is to help businesses become more profitable by providing technology based solutions that reduce costs, increase throughput,improve data gathering, and eliminate errors.

Al Faris creates value for clients, using innovation, design and technology to bring new products to market and to extend the life-cycle of existing products.

We combine leading edge thinking and product innovation with our rapid electronic product design methodology and technology solutions to maximise return on investment for our clients.

With the advancement in technology assisting the customers’ with their financial reporting through electronic banking facilities
Risk And Compliance Overview

The intensity of change in today’s business environment requires new ways of thinking about risk. Facing an interconnected vortex of disruptive technologies, cyber-threats, complex business ecosystems, globalizing markets, and amplified regulatory scrutiny, businesses need proactive, innovative governance, risk, and compliance (GRC) strategies to seize competitive opportunities and meet stakeholder expectations.

Compliance risk is the current and prospective risk to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies, and procedures, or ethical standards. Compliance risk also arises in situations where the laws or rules governing certain bank products or activities of the Bank’s clients may be ambiguous or untested. This risk exposes the institution to fines, civil money penalties, payment of damages, and the voiding of contracts. Compliance risk can lead to diminished reputation, reduced franchise value, limited business opportunities, reduced expansion potential, and an inability to enforce contracts.

Our Capabilities

Strong

Management fully understands all aspects of compliance risk and exhibits a clear commitment to compliance. The commitment is communicated throughout the institution.

Authority and accountability for compliance are clearly defined and enforced.

Management anticipates and responds well to changes of a market, technological, or regulatory nature.

Compliance considerations are incorporated into product and system development and modification processes, including changes made by outside service providers or vendors. .

Satisfactory

Management reasonably understands the key aspects of compliance risk. Its commitment to compliance is reasonable and satisfactorily communicated.

Authority and accountability are defined, although some refinements may be needed.

Management adequately responds to changes of a market, technological, or regulatory nature.

While compliance may not be formally considered when developing products and systems, issue are typically addressed before they are fully implemented.

Problems can be corrected in the normal course of business without a significant investment of money or management attention. Management is responsive when deficiencies are identified.

Weak

Management does not understand, or has chosen to ignore, key aspects of compliance risk. The importance of compliance is not emphasized or communicated throughout the organization.

Management has not established or enforced accountability for compliance performance.

Management does not anticipate or take timely or appropriate actions in response to changes of a market, technological, or regulatory nature.


Consulting


With a wealth of experience partnering the world’s leading banks and financial institutions, and a comprehensive range of services and solutions, Al Faris is the partner that gets you results: optimized investments, enhanced operational efficiencies, minimized risk and sustained cost leadership.

SARIE solutions


Saudi Arabian Riyal Inter-bank Express (SARIE) is RTGS funds transfer system within the national banking community in Saudi Arabia. Inter Land has developed a comprehensive HOST Application that will interface with SAMA GATEWAY and support Customer payment, Inter-bank payments, Same-day/forward payments, Single Bulk Payments, Automated Solution for Payroll, E-accounts, Offline File Transfer solution, etc.

ERP Solutions


Comprehensive suite of SAP R/3 implementation services including business process blue printing, configuring and customizing, integration testing, post-implementation support, data migration, system integration, upgrade support and end-user training.

SAP's tightly integrated modular structure allows for unprecedented flexibility and complex functionality, enabling companies to integrate their complex business processes with the R/3 system. The result is tighter control of information flow and more powerful planning systems, both of which ultimately contribute to healthier bottom lines.

At Inter Land, we approach each implementation in the true spirit of partnership, and work closely with our clients to ensure that the quality of services delivered exceeds their expectations. As many of our clients will testify, our strong commitment to investing in long-term relationships has been the cornerstone of many successful implementations. Our consultants will assist you through the various stages required to integrate the SAP system with your front-end and back-end environment – from the initial blueprinting stage through the configuring, customizing, testing, production, and post-implementation stages.

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Our Banking Solutions

Today's complex and challenging business environment demands sophisticated Banking solutions, beyond the simple processing of payments and collections. Al Faris’s tailored services can help give you control over your entire financial supply chain.

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