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Beneficiary Account Verification!

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Now, SAB customers are able to verify the identity of a new IBAN Beneficiary for local transfer as per their bank record via e-channels (SABMobile and SABOnline). Previously, SAB customers add new beneficiary without verifying the beneficiary name.

 

Features:

  • Verify the beneficiary's name immediately
  • Raise the level of transparency and security
  • Reducing fraud and human errors