*** NBB launches Digital Platform for faster trade | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

NBB launches Digital Platform for faster trade

TDT| Manama

Email: mail@newsofbahrain.com

The National Bank of Bahrain has rolled out a fully digital Supply Chain Finance platform designed to modernise trade payments and help businesses improve working capital management. The new system automates the traditionally manual processes between buyers and suppliers, enabling faster transactions and improved financial efficiency across the supply chain.

Automation advantage

Enabled by the DigiCorp platform, the solution allows suppliers to receive early payments on approved invoices, while buyers benefit from optimised cash flow cycles and reduced paperwork. NBB said the technology helps eliminate administrative bottlenecks, offering quicker turnaround times and more transparent financing.

The system’s end-to-end automation marks a shift in how businesses in Bahrain and the wider region manage their trade relationships, especially as digital transformation becomes a core focus in banking and finance.

Supporting real economy

Hisham Al Kurdi, Group Chief Executive – Markets & Client Solutions at NBB, said the launch reflects NBB’s ongoing mission to deliver digital-first services that empower businesses. “This platform enhances operational agility and helps our clients better manage liquidity across their ecosystems,” he said.

Vineet Munot, Group Head of Transaction Banking, added that the platform strengthens NBB’s position in trade finance and cash management. “It reinforces our role as a market leader in delivering smart, connected banking solutions,” he noted.

Focus on SMEs

The platform offers significant value for SMEs, providing early access to cash without requiring additional borrowing or new credit lines. Buyers can also use the platform to strengthen ties with strategic suppliers by offering timely, automated payments.

NBB said the initiative supports its broader ESG goals by promoting inclusive economic development and building more resilient and sustainable supply chains across Bahrain and the region.