Advanced Bank of Asia (ABA), Cambodia, a reputed bank of National Bank of Canada Group, has gone live with BankFlex Digital Banking for Internet Banking channel followed by BankFlex EASI Banking channel for their corporate customers.

ABA has licensed several BankFlex channels including Internet Banking and Mobile Banking Apps for the bank's Corporate and Retail customers. ABA's corporate customers have been using Internet banking since May 2018 and EASI Banking since early 2019.

BankFlex Corporate Internet banking offers top notch user experience, unmatched in the market today. BankFlex’s web user interfaces are implemented using the latest technologies like Angular and HTML5/CSS3 on a fully secure and tamper-proof platform.

BankFlex Corporate Internet banking at ABA offers a rich set of features such as:

• Dashboard for customers with charts showing their balance position and daily/monthly/yearly turnover.
• Own Accounts, Local Bank and International Transfers, with the option to import payments from various accounting formats which includes XML, CSV, ISO20022, DBO, DBF 1C/UA, Excel
• Bill payments to various billers of the country which includes Utility payments, Phone payments, Educational payment and Internet services
• Payroll for the customers to make salary payments to their employees, with an option to include salary payments from file.
• Multi-level configurable transaction authorisation facility for corporate authorisation.
• Other services such as Open Fixed deposit, Chequebook/Stop cheque requests, etc.

Besides the above, Corporate Internet Banking implementation at ABA includes Virtual Accounts for corporate customers to exercise greater control over their liquidity positions.

BankFlex EASI Banking provides full Host-to-Host (H2H) as well as a Hybrid H2H implementations.

Hybrid H2H allows the bank's customers to automatically upload their transfer/payments/payroll directly into BankFlex system from their ERP/Accounting systems. Once these transactions are authorised by corporate authorisors using Internet Banking (or Mobile APPs), these are then sent to the bank's core banking system for processing.

Full H2H allows the bank's customers to automatically upload their authorised transfer/payments/payroll directly from BankFlex to the bank's core banking system from their ERP/Accounting systems, without the need to carry out any authorisation.

BankFlex H2H solution at ABA uses ISO 20022 standards with Pain001 for generating payments and Pain002 for acknowledgement.

About ABA Bank
ABA Bank is Cambodia's leading private financial institution (not state-owned enterprise) founded in 1996 as the Advanced Bank of Asia Limited.

In more than 20 years of development and growth, ABA has significantly strengthened its position in the market and broke into the Top 3 commercial banks of the country. Today, ABA offers the entire spectrum of services to customer segments covering SMEs, micro businesses, and individuals.

With more than 70 branches, 200 self-banking machines and 350 ATMs across the country, and advanced online banking and mobile banking platforms ABA Bank reaches out to a large number of customers with an array of modern financial services.

About National Bank of Canada
ABA is a subsidiary of National Bank of Canada (www.nbc.ca), a financial institution with around US$209.1 billion in assets as of July 31, 2019, and huge network of correspondent banks all over the world. Being a shareholder of ABA Bank from 2014, National Bank of Canada becomes the first major financial institution from the North American continent to enter the Cambodian banking sector. Headquartered in Montreal, it has branches in almost every Canadian province with 2.5 million personal clients. It is the sixth largest bank in Canada and the leading bank in Quebec where it is the partner of choice among SMEs.