BankDhofar has launched Neo Corporate Internet Banking, a next-generation digital banking platform expanding services for corporate, SME, institutional and government customers across Oman, according to TechAfrica News.

The Omani lender's platform represents a significant milestone in the bank's digital transformation journey, offering a unified, intelligent and automated banking experience addressing evolving business needs. Neo CIB consolidates payments, collections, salary processing, reporting and system integrations within a single digital environment.

The system eliminates fragmented workflows and manual processes, enabling businesses to manage financial operations with enhanced speed, transparency and control. The platform moves beyond conventional internet banking by integrating multiple financial functions previously handled through separate channels.

K. Mallikarjuna, Chief Wholesale Banking Officer at BankDhofar, said: "Neo CIB is a major step forward in our commitment to deliver practical, intelligent, and future‑ready digital solutions for Oman's business community. We designed this platform to simplify complex financial operations, enhance governance, and give our customers real-time visibility and control."

The platform features a customizable dashboard providing real-time visibility of account balances, consolidated positions across multiple accounts and entities, pending approvals and transaction statuses. Customers can initiate and track domestic, regional and international payments from a single interface with live status updates and full audit trails supporting operational efficiency and regulatory compliance.

Neo CIB offers fund transfers within BankDhofar, payments within Oman through ACH and RTGS, international transfers with SWIFT GPI tracking, GCC payments and specialized corridors including transfers to India. The platform introduces bulk payment capabilities allowing record-level debits, approvals, acknowledgements and reconciliation.

Beyond payments, Neo CIB strengthens operations through advanced salary processing with the PaySal solution, comprehensive bill and government payment services, and dedicated collection modules supporting virtual accounts, mandates and direct debits.

The platform enables API and Host-to-Host integration, allowing customers to connect ERP and treasury systems directly with the bank.

Explore Neo CIB's corporate banking capabilities and digital transformation framework in the full report.