CashTrans, a leading provider of cash management solutions and a subsidiary of Al Ansari Financial Services, announced a partnership with Sharjah Islamic Bank (SIB) to introduce a range of advanced cash management services aimed at enhancing operational efficiency and financial service delivery.
The collaboration is aimed at streamlining cash handling processes, enhancing security, and optimising cash flow management for SIB and its customers.
As part of the partnership, CashTrans will deliver secure and customised Cash-in-Transit (CIT) solutions designed to meet SIB’s operational needs.
Hakam Abu Zarour, COO at Sharjah Islamic Bank, said the strategic partnership with CashTrans empowers the bank to streamline cash flow between its branches, minimise losses, reduce risks and gain better control over cash deposits.
“At SIB, our objective is to streamline the cash cycle process with seamless transportation of daily cash and to be carried out with the highest security and reliability standards,” he said.
Muhammad Haroon, Head of Operations at CashTrans, said the strategic partnership highlights the shared vision of CashTrans and Sharjah Islamic Bank to deliver seamless, high-quality cash management solutions, while maintaining the highest industry standards.
“With this collaboration, CashTrans and SIB aim to solidify their positions as leaders in the banking and financial services sector, embracing innovation to meet the evolving needs of customers and businesses alike,” he said.
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