Bank of Baroda (BoB) has launched a new mobile app called “mDigiNext” to cater to the cash management needs of its corporate customers. This dedicated cash management services app offers payment functionalities that enable businesses to manage their working capital and cash flows efficiently, resulting in greater operational efficiency and speed. The app provides 24/7 access to essential financial tools, empowering corporates to make swift and informed financial decisions.
The app offers various features such as one-to-one transaction creation and authorization, bulk upload authorization and rejection, end-to-end transaction tracking, and real-time transaction status inquiries. It also allows users to access account summaries, view a consolidated dashboard of all group entities, and includes enhanced security features with OTP verification and 3-Factor Authentication. The app is currently available on Android and will soon be available on iOS.
Debadatta Chand, Managing Director & CEO of Bank of Baroda, said that the app combines a user-friendly interface, advanced tools, and capabilities with seamless execution, enabling customers to stay agile in a competitive business landscape.
The launch of mDigiNext is aimed at streamlining cash management operations and workflows for corporates, providing them with greater control and flexibility in managing their finances. With the app, corporates can now access and manage their accounts and transactions remotely, 24/7, empowering them to make quicker and more informed financial decisions. Overall, the mDigiNext app is designed to provide a convenient, secure, and efficient way for corporate customers to manage their cash management needs with Bank of Baroda.