Mashreq’s integration of instant payment APIs into MultiBank Group’s operations in 2024 resolved a key challenge in transaction banking for institutions handling high-frequency, time-sensitive flows, particularly in the UAE and wider Gulf Cooperation Council (GCC) region.
The deal involved the deployment of two APIs – instant payments and real-time statements – into MultiBank’s infrastructure. MultiBank, a global derivatives trading firm operating across 90 countries, required a solution that could support continuous client withdrawals, automate reconciliation and provide real-time visibility into transactions.
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