Housing Bank and ProgressSoft Launch Corporate Banking Services

Housing Bank is proud to announce the launch of new Corporate Cash Management Services, a major step toward delivering convenient and digital banking services to its corporate clients.

This major launch, powered by ProgressSoft’s Corporate Banking Suite, PS-CORPay, enables Housing Bank’s corporate clients to seamlessly manage financial transactions from their premises via enhanced, user-friendly web and mobile platforms. The suite provides secure, real-time access to a comprehensive set of services including payment initiation, liquidity management and account consolidation, delivering greater control, visibility and operational efficiency for corporate clients.

Commenting on the new services, Ammar Al-Safadi, CEO of Housing Bank, said, “The launch of our new Corporate Cash Management Services, powered by ProgressSoft, is a significant milestone for Housing Bank. It reflects our broader vision to be at the forefront of digital banking and to empower our corporate clients with cutting – edge solutions. We're giving them greater control, real-time insights, and unmatched efficiency to manage their financial operations seamlessly.”

Corporate clients can now access a powerful suite of financial services including local, domestic and international transfers. The platform also supports national instant payments and bill management integrations, as well as check management, loans, deposits, salary disbursements, and Swift GPI for trackable international payments. Additionally, clients benefit from a full range of card services and account management tools, bringing an all-in-one digital experience to the corporate banking environment.

“Housing Bank has demonstrated true leadership in delivering advanced digital services to its clients, and we are proud that our Corporate Banking Suite is helping bring that vision to life,” noted Michael Wakileh, CEO of ProgressSoft. “Together, we are shaping more streamlined, connected and convenient financial experiences for corporate banking clients, and we look forward to the successes still to come.”

For corporate clients, the launch delivers greater visibility and control over their financial operations through a seamless, integrated and accessible digital experience. For Housing Bank, it serves as a strategic step toward expanding its corporate service portfolio, accelerating digital adoption, and deepening client relationships through enhanced efficiency and engagement.

This milestone reflects the shared vision of Housing Bank and ProgressSoft to meet the evolving needs of corporate clients and massively enhance their banking experience. Both entities remain committed to continued collaboration and look forward to further developments and ongoing success in their partnership.