Bank of Baroda (BoB) has launched ‘mDigiNext mobile app’ to exclusively cater to the cash management needs of its corporate customers.

BoB’s dedicated cash management services app offers payment functionalities that help businesses manage their working capital and cash flows, which, in turn, will bring in greater efficiencies and facilitate faster execution and ease of operations, the public sector bank said in a statement.

The bank said the new app will streamline cash management operations and workflows for corporates.

“It provides customers with 24×7 access to essential and advanced financial tools empowering corporates to make swift and informed financial decisions anytime, anywhere,” per the statement.

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The app offers functionalities such as creation and authorisation of one-to-one transactions; authorising and rejecting bulk uploads; end-to-end transaction and workflow tracking; and raising real-time enquiries on transaction status.

Further, it will allow accessing to account summaries and mini-statements; viewing a consolidated dashboard of all group entities; and enhanced security with OTP verification and 3-Factor Authentication.

The mDigiNext mobile app is currently available on Android and will soon be available on iOS.

Debadatta Chand, Managing Director & CEO, said: “The app combines a user-friendly interface, advanced tools and capabilities, coupled with seamless execution… that will help customers stay agile in a competitive business landscape.”