Capital Bank, in cooperation with Ryalize, a Fintech solution provider, has launched the Sulfeh o Rateb service, which allows employees of corporate clients of large firms and SMEs to get part of their earned salary before payday.

 

The launch of this service, which is the first of its kind in the kingdom, comes as a continuation of the implementation of Capital Bank's strategy and plans to provide innovative digital services with high added value to its clients, which will increase the productivity of their employees and have a positive impact on their business.

 

The Sulfeh o Rateb service is simple, easy to use, and secure, allowing employees to access the service directly from a mobile application. They can withdraw any day and anytime during the month, as long they have a balance. 

 

Innovative experience

Zaid Al-Kurdi, Capital Bank Group Transaction Banking Director, said: "Sulfeh o Rateb reflects our efforts to provide innovative digital banking products and services that meet the aspirations and needs of our clients in the corporate sector, to help them achieve their corporate goals and enhancing the efficiency of the employees and improving their performance by providing an ideal work environment for them.” 

 

Khalid Alshakrani, Managing Director of Ryalize, said: “This service is considered the first of its kind in the Kingdom of Jordan and second in the Middle East, and it is a launchpad to provide Ryalize services in cooperation with financial institutions in the Middle East. We expect that this service will enable companies to improve their cash flow positions and raise the level of productivity by gaining the loyalty of employees and contributing to alleviating the impact of financial burdens on their performance, thus attaining financial wellness.”

 

Ryalize is a Fintech platform founded in Singapore in late 2019. The company partners with Financial Institutions, to serve the needs of their Corporate and Retail clients by providing cost-effective and seamless micro-solutions that will enable Financial Institutions to stay relevant, responsive, innovative and gain an edge in attracting new business.-- TradeArabia News Service