Corporate & SME Banking Suite

Aion enables corporate banks to acquire digital-ready customers through an engagement model that is built around the development of innovative business models and exceptional digital offerings. We’re disrupting the old world of corporate banking by raising the standards for customer experience.

digital-bank

Corporate & SME Banking Suite

Aion enables corporate banks to acquire digital-ready customers through an engagement model that is built around the development of innovative business models and exceptional digital offerings. We’re disrupting the old world of corporate banking by raising the standards for customer experience.

digital-bank

Corporate banks face multiple challenges. Economic conditions remain somewhat uncertain and regulators continue to pressure banks to solidify their balance sheets which ultimately increases the cost of compliance.

In some markets, the combined effect of reduced demand for commercial loans and low interest environments has seen interest-based revenues decline which puts corporate banks under tremendous strain. Margins are being eroded quickly across the world.

Finally, and possibly the biggest problem facing corporate banks is the declining loyalty of their customer base. Like retail customers, business customers will move to banks that understands their needs and requirements, providing value-for-money products and services.

It’s time for corporate banks to meet disruption through digital transformation. It’s time to evolve your business model to gain competitive advantage in the digital world. 

Globally, most corporate banks have been slow to change. This is mainly due to legacy. Banks have invested heavily in complex IT infrastructure and systems, and our experience suggests that banks continue to invest in incompatible systems and product silos.

This invariably results in inefficient business processes that consume resources and therefore poor performance. Often these investments are made to enhance growth and innovation, and yet neither is achieved to the levels that were anticipated or planned.

Corporate banks can use our technology to enhance their legacy systems into ‘low-code’ or ‘zero-code’ structures and platforms to deliver outstanding customer journeys and corporate banking capabilities. We can provide a solid foundation of functional capability and architecture and getting you ready to become a digital corporate bank.

Aion’s corporate banking platform is built on an advanced architecture addressing mobile banking and internet banking. The solution also provides trade finance, lending, payments, treasury, deposits and cash management requirements of corporate banks of any size.

We help and expedite corporate banks in the region to transform their businesses with technology that attracts new customers and new revenue streams. We empower these banks to become more agile and helping them in their pursuit of innovation and sustainable growth. Re-designing channel experiences is at the heart of this business transformation. 

Like retail banking customers, business customers are making the same demands for superior customer experiences. Corporate banks are being forced to adapt their channel strategy as their customers now expect corporate banking products and services anywhere and at any time, as well as open and convenient communication with their relationship managers 24/7.   

Aion’s corporate banking platform provides beautiful and seamless customer journeys. This transforms the bank’s ‘transactional’ relationship with corporate customers to one of being co-creators of future corporate banking solutions.

Aion ‘plug and play’ platform enables banks to implement technology-led transformation rapidly and with certainty. Our corporate banking platform has over 150 pre-installed capabilities, integrations and customer journeys that are configurable and extensible. This magic formula allows banks to deploy a highly personalized customer experiences across all channels.

The platform provides you with the freedom and flexibility to choose the products that match your bank’s business strategy and priorities. Our design, build, integrate, deploy and scale build methodology gets you to market faster and it also means our technology implementation costs are low, and most importantly within your budget. You can transform your bank all at once or you can transform in a more measured, progressive and phased manner.

Depending on the minimum viable product you would like to launch, your bank could be offering corporate banking services within three months.

Our corporate banking platform delivers value because we use our technology to solve real business problems. Outlined below are the bank-in-your-pocket features currently available on our corporate banking platform.

dashboard view

Live notifications and messages (bank and other users)
Pending authorizations for signatories
Workflow of rejected transactions
Upcoming bill payments and loan repayments
Overview of accounts, loans, deposits, cash collection

RM productivity based on customer profit and activity
Full view of customer activity
Intuitive nudges for exception customer activity
Live notifications and messages 
Ability to look at customer transactions and inform customers of transaction status
Create new customer application (automated link sent to customer for self-onboarding)

New customer application portal for document validation
Pending authorizations for customer requests
Live notifications and messages
User productivity KPI’s for customer requests

FX Positions (Already posted)
Drilldown to actual transactions
Upcoming FX Transactions (Pending for customer signatories)
Total deposits at special rates
Treasury P&L based on FX profit and deposit rates
Set FX spreads on live rates for customers
Set special customer spread
Give special transaction rate (display expiry timer to customer)
Set special customer deposit rate / tenor
Create customer tiers and rates

Provide your customers with powerful search facilities for information pertaining to their accounts or multiple accounts. Customers can monitor balances of all type of accounts.
  • Accounts overview
    • External accounts
    • Last transactions
  • Deposit overview
  • Standing instructions
  • Additional account creation
  • Nicknames for accounts
  • Account restrictions (role-based)
  • View statements and download to pdf
  • Stamped bank statements
  • Transaction view and search
  • Audit trail of user input and authority matrix
  • Standing instruction setup
  • Sweeping setup
  • Liquidity (including polling and netting)
Provide a holistic view of your customers’ deposits and debts by integrating our platform with your existing deposit and lending systems and applications.
  • Overview of all deposits and loans
  • View list of scheduled and completed deposits
  • Apply for loans (request to RM)
  • Simplified deposits and live deposit rates
  • Simplified loan and credit card application process and approval
  • Check all credit card limits, loans and overdraft status, and interest rates
  • Loan draw down requests
  • Supply chain finance
A complete ecosystem of banking transfers and payments allowing customers to transact through mobile.
  • Integrate with other finance and accounting systems, and liquidity management systems
  • Risk and fraud detection through rules, AI and integration with third-party applications or systems
  • International transfers; fully supports international standards for transfers and payments – SEPA, BACS, CHAPS, ACH
  • Ability to upload invoices
  • Allows transfers between accounts and within the bank
  • Transfer to other banks
  • Bill payments (single and bulk)
  • Display upcoming bills
  • Manage payees
  • create, edit, delete
  • Set-up recurring payments
  • Payroll management
  • Single debit, multiple credits
  • Standing instructions
  • Sweeping setup
  • Pre-integrated with local apps
  • Bahrain -EFTS
  • UAE – FTS
Provide your corporate banking customers with real-time views of their cash position. Your customers will get an accurate picture and understanding of their cash liquidity, making the most effective use of their cash.
  • Real-time cash and liquidity management
  • Powerful analytical and reporting tools and dashboards to support decision making
  • Seamless integration with existing cash management applications and systems
  • Drive revenue growth by providing the right products and solutions at the right time
  • Automated creditors and debtors can be scheduled for effective cashflow management
  • Real time visibility throughout transactions lifecycle
  • Complete audit trail
Automate batch and bulk payments using our solution – from any device. Alternatively, create manual bulk payments if required. Payroll can be managed through this solution too.
 
  • Drag and drop files or import files for quick and convenient bulk payments
  • Fast and secure payroll management functionality
  • Manual bulk payments can be easily created and executed
  • Ability to save payment templates
  • Balance confirmation
  • Stamped bank statement
  • Cheque book request (manual back office request)
  • (connectivity to stationary management system)
  • Stop payment cheques (ability to upload police report)
  • Smart routing for each request to RM, operations or DCM
  • E-Signature and document management
Digital self-service functionality provided to corporate customers enabling them to manage their cards. Reduce the number of contact center calls and queries and therefore costs.  We provide a seamless integration with your card management system which translates to an enhanced experience for your customers. 
 
  • Digital self-service capabilities for all cards
  • Request new cards, activate or block cards
  • Change card limits
  • PIN change
  • Change address and contact details
  • Report stolen or lost card
  • View journey and purchase history
  • Application for refunds
Provide customers the convenience of depositing cheques via their smartphones at any time and any place. 
  • Cheque book request
  • Stop cheque payment
  • Issuance instruction of a manager’s cheque
  • Post-dated cheque management
  • Police report upload

Communication is an integral part of the overall self-service digital experience. We’ve built a hub that facilitates two-way communication safely and securely and links with smart customer service support.

  • View, write, live chat
  • Treasury (for special rates), operations, RM, corporate users
  • Enable all users to directly chat with other users for authorization status
  • Click to call
  • Message centre
  • Chatbots
  • Search and filter
  • Audit log
  • As part of the digital self-service experience, customers can edit and manage their profiles with ease and simplicity.
  •  

Self-service authority matrix setup

      • Operations portal to review and authorize authority matrix
      • Different signatory modes (anyone, one by one, all)
      • Maker, checker model coupled with single or multi-level authorization matrix
      • Business counterparties, demographics, users, products, limits setup
      • Four-eye for all administrative activities and transaction approval
      • Rights and role-based access

  • Self-service user creation

    • Operations portal to review mandate and authorize signatories
    • Corporate admin user to create additional users
    • Configurable two factor authentication option at login and authorization

 

Beneficiary setup


    • Intuitive workflow for reading of IBAN/SWIFT/Country and auto populating details according to International (SWIFT, IFSC, BSB, NCC) or Local
 
 

User profile

 
  • Limit management
  • Beneficiary restrictions
  • Account restrictions based on roles (like HR only seeing payroll accounts)
  • IP restrictions
  • Country restrictions (app and portal)
  • Office timing restrictions (app and portal)
  • Authentication
  • OTP (Email, SMS)
  • Soft Token for web portal
  • PIN for transaction authorization
  • Customer user onboarding (full workflow corporate user / retail)
  • Transaction authorization workflow for each signatory
  • All payment inputs through app
  • Restricted access
  • Office timings
  • Country
  • User limits
  • Native Apps
  • Side swipe
  • Rotate for details
  • Multi-country and multi-currency
  • Multi-tenant
  • Coverage for conventional and Islamic business segments
  • Password policy management
  • Security for access, data in transit, and data at rest
  • Checks for multiple logins, idle session time logout, cookies deletion on sign-out, etc.
  • Highly secure encryption option e.g. Advance Encryption System (AES)
  • File exchange or instructions acquisition via web based online system/ web services/SWIFT SCORE/SFTP/Email/SWIFT (MT103, MT 202Cover, etc.)/H2H connectivity
  • Multi-file formats like CSV/TXT/XML/PDF/MS EXCEL/ISO20022, etc., with option to make completely customizable data processing files
  • Open APIs
  • Cross browser compatibility

Corporate & SME Banking Suite

Aion enables corporate banks to acquire digital-ready customers through an engagement model that is built around the development of innovative business models and exceptional digital offerings. We’re disrupting the old world of corporate banking by raising the standards for customer experience.

Corporate banks face multiple challenges. Economic conditions remain somewhat uncertain and regulators continue to pressure banks to solidify their balance sheets which ultimately increases the cost of compliance.

In some markets, the combined effect of reduced demand for commercial loans and low interest environments has seen interest-based revenues decline which puts corporate banks under tremendous strain. Margins are being eroded quickly across the world.

Finally, and possibly the biggest problem facing corporate banks is the declining loyalty of their customer base. Like retail customers, business customers will move to banks that understands their needs and requirements, providing value-for-money products and services.

It’s time for corporate banks to meet disruption through digital transformation. It’s time to evolve your business model to gain competitive advantage in the digital world. 

Globally, most corporate banks have been slow to change. This is mainly due to legacy. Banks have invested heavily in complex IT infrastructure and systems, and our experience suggests that banks continue to invest in incompatible systems and product silos.

This invariably results in inefficient business processes that consume resources and therefore poor performance. Often these investments are made to enhance growth and innovation, and yet neither is achieved to the levels that were anticipated or planned.

Corporate banks can use our technology to enhance their legacy systems into ‘low-code’ or ‘zero-code’ structures and platforms to deliver outstanding customer journeys and corporate banking capabilities. We can provide a solid foundation of functional capability and architecture and getting you ready to become a digital corporate bank.

Aion’s corporate banking platform is built on an advanced architecture addressing mobile banking and internet banking. The solution also provides trade finance, lending, payments, treasury, deposits and cash management requirements of corporate banks of any size.

We help and expedite corporate banks in the region to transform their businesses with technology that attracts new customers and new revenue streams. We empower these banks to become more agile and helping them in their pursuit of innovation and sustainable growth. Re-designing channel experiences is at the heart of this business transformation. 

Like retail banking customers, business customers are making the same demands for superior customer experiences. Corporate banks are being forced to adapt their channel strategy as their customers now expect corporate banking products and services anywhere and at any time, as well as open and convenient communication with their relationship managers 24/7.   

Aion’s corporate banking platform provides beautiful and seamless customer journeys. This transforms the bank’s ‘transactional’ relationship with corporate customers to one of being co-creators of future corporate banking solutions.

Aion ‘plug and play’ platform enables banks to implement technology-led transformation rapidly and with certainty. Our corporate banking platform has over 150 pre-installed capabilities, integrations and customer journeys that are configurable and extensible. This magic formula allows banks to deploy a highly personalized customer experiences across all channels.

The platform provides you with the freedom and flexibility to choose the products that match your bank’s business strategy and priorities. Our design, build, integrate, deploy and scale build methodology gets you to market faster and it also means our technology implementation costs are low, and most importantly within your budget. You can transform your bank all at once or you can transform in a more measured, progressive and phased manner.

Depending on the minimum viable product you would like to launch, your bank could be offering corporate banking services within three months.

Our corporate banking platform delivers value because we use our technology to solve real business problems. Outlined below are the bank-in-your-pocket features currently available on our corporate banking platform.

dashboard view

Live notifications and messages (bank and other users)
Pending authorizations for signatories
Workflow of rejected transactions
Upcoming bill payments and loan repayments
Overview of accounts, loans, deposits, cash collection
RM productivity based on customer profit and activity Full view of customer activity Intuitive nudges for exception customer activity Live notifications and messages  Ability to look at customer transactions and inform customers of transaction status Create new customer application (automated link sent to customer for self-onboarding)

New customer application portal for document validation
Pending authorizations for customer requests
Live notifications and messages
User productivity KPI’s for customer requests

FX Positions (Already posted)
Drilldown to actual transactions
Upcoming FX Transactions (Pending for customer signatories)
Total deposits at special rates
Treasury P&L based on FX profit and deposit rates
Set FX spreads on live rates for customers
Set special customer spread
Give special transaction rate (display expiry timer to customer)
Set special customer deposit rate / tenor
Create customer tiers and rates

Provide your customers with powerful search facilities for information pertaining to their accounts or multiple accounts. Customers can monitor balances of all type of accounts.

  • Accounts overview
    • External accounts
    • Last transactions
  • Deposit overview
  • Standing instructions
  • Additional account creation
  • Nicknames for accounts
  • Account restrictions (role-based)
  • View statements and download to pdf
  • Stamped bank statements
  • Transaction view and search
  • Audit trail of user input and authority matrix
  • Standing instruction setup
  • Sweeping setup
  • Liquidity (including polling and netting)

Provide a holistic view of your customers’ deposits and debts by integrating our platform with your existing deposit and lending systems and applications.

  • Overview of all deposits and loans
  • View list of scheduled and completed deposits
  • Apply for loans (request to RM)
  • Simplified deposits and live deposit rates
  • Simplified loan and credit card application process and approval
  • Check all credit card limits, loans and overdraft status, and interest rates
  • Loan draw down requests
  • Supply chain finance

A complete ecosystem of banking transfers and payments allowing customers to transact through mobile.

  • Integrate with other finance and accounting systems, and liquidity management systems
  • Risk and fraud detection through rules, AI and integration with third-party applications or systems
  • International transfers; fully supports international standards for transfers and payments – SEPA, BACS, CHAPS, ACH
  • Ability to upload invoices
  • Allows transfers between accounts and within the bank
  • Transfer to other banks
  • Bill payments (single and bulk)
  • Display upcoming bills
  • Manage payees
  • create, edit, delete
  • Set-up recurring payments
  • Payroll management
  • Single debit, multiple credits
  • Standing instructions
  • Sweeping setup
  • Pre-integrated with local apps
  • Bahrain -EFTS
  • UAE – FTS

Provide your corporate banking customers with real-time views of their cash position. Your customers will get an accurate picture and understanding of their cash liquidity, making the most effective use of their cash.

  • Real-time cash and liquidity management
  • Powerful analytical and reporting tools and dashboards to support decision making
  • Seamless integration with existing cash management applications and systems
  • Drive revenue growth by providing the right products and solutions at the right time
  • Automated creditors and debtors can be scheduled for effective cashflow management
  • Real time visibility throughout transactions lifecycle
  • Complete audit trail
Automate batch and bulk payments using our solution – from any device. Alternatively, create manual bulk payments if required. Payroll can be managed through this solution too.
 
  • Drag and drop files or import files for quick and convenient bulk payments
  • Fast and secure payroll management functionality
  • Manual bulk payments can be easily created and executed
  • Ability to save payment templates
 
  • Balance confirmation
  • Stamped bank statement
  • Cheque book request (manual back office request)
  • (connectivity to stationary management system)
  • Stop payment cheques (ability to upload police report)
  • Smart routing for each request to RM, operations or DCM
  • E-Signature and document management
Digital self-service functionality provided to corporate customers enabling them to manage their cards. Reduce the number of contact center calls and queries and therefore costs.  We provide a seamless integration with your card management system which translates to an enhanced experience for your customers. 
 
  • Digital self-service capabilities for all cards
  • Request new cards, activate or block cards
  • Change card limits
  • PIN change
  • Change address and contact details
  • Report stolen or lost card
  • View journey and purchase history
  • Application for refunds
 
Provide customers the convenience of depositing cheques via their smartphones at any time and any place. 

  • Cheque book request
  • Stop cheque payment
  • Issuance instruction of a manager’s cheque
  • Post-dated cheque management
  • Police report upload

Communication is an integral part of the overall self-service digital experience. We’ve built a hub that facilitates two-way communication safely and securely and links with smart customer service support.

  • View, write, live chat
  • Treasury (for special rates), operations, RM, corporate users
  • Enable all users to directly chat with other users for authorization status
  • Click to call
  • Message centre
  • Chatbots
  • Search and filter
  • Audit log
  • As part of the digital self-service experience, customers can edit and manage their profiles with ease and simplicity.
  •  

Self-service authority matrix setup

      • Operations portal to review and authorize authority matrix
      • Different signatory modes (anyone, one by one, all)
      • Maker, checker model coupled with single or multi-level authorization matrix
      • Business counterparties, demographics, users, products, limits setup
      • Four-eye for all administrative activities and transaction approval
      • Rights and role-based access

  • Self-service user creation

    • Operations portal to review mandate and authorize signatories
    • Corporate admin user to create additional users
    • Configurable two factor authentication option at login and authorization

 

Beneficiary setup


    • Intuitive workflow for reading of IBAN/SWIFT/Country and auto populating details according to International (SWIFT, IFSC, BSB, NCC) or Local
 
 

User profile

 
  • Limit management
  • Beneficiary restrictions
  • Account restrictions based on roles (like HR only seeing payroll accounts)
  • IP restrictions
  • Country restrictions (app and portal)
  • Office timing restrictions (app and portal)
  • Authentication
  • OTP (Email, SMS)
  • Soft Token for web portal
  • PIN for transaction authorization
  • Customer user onboarding (full workflow corporate user / retail)
  • Transaction authorization workflow for each signatory
  • All payment inputs through app
  • Restricted access
  • Office timings
  • Country
  • User limits
  • Native Apps
  • Side swipe
  • Rotate for details
  • Multi-country and multi-currency
  • Multi-tenant
  • Coverage for conventional and Islamic business segments
  • Password policy management
  • Security for access, data in transit, and data at rest
  • Checks for multiple logins, idle session time logout, cookies deletion on sign-out, etc.
  • Highly secure encryption option e.g. Advance Encryption System (AES)
  • File exchange or instructions acquisition via web based online system/ web services/SWIFT SCORE/SFTP/Email/SWIFT (MT103, MT 202Cover, etc.)/H2H connectivity
  • Multi-file formats like CSV/TXT/XML/PDF/MS EXCEL/ISO20022, etc., with option to make completely customizable data processing files
  • Open APIs
  • Cross browser compatibility

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