Bank of Baroda Unveils Baroda mDigiNext App to Revolutionize Cash Management for Corporate Clients

Bank of Baroda (BoB), one of India’s leading public sector banks, has launched the Baroda mDigiNext mobile app, a dedicated cash management services (CMS) application for corporate customers. This makes BoB one of the few banks in India to introduce a specialized mobile application for corporate cash management, streamlining financial operations and enhancing efficiency.

Enhancing Cash Management for Corporate Clients

The Baroda mDigiNext mobile app is designed to revolutionize cash management for corporate customers using Baroda Cash Management Services (BCMS). By offering critical payment functionalities and real-time access to financial tools, the app enables businesses to optimize their working capital and manage cash flows with greater ease and efficiency.

Key Features and Functionalities

The Baroda mDigiNext app provides various advanced features tailored to corporate cash management needs, including:

• One-to-One Transaction Management – Enables creation and authorization of individual transactions.

• Bulk Upload Management – Allows corporates to authorize or reject bulk transaction uploads effortlessly.

• Workflow and Transaction Tracking – Offers end-to-end tracking for better transparency and oversight.

• Real-time Transaction Enquiries – Provides instant updates on transaction status.

• Account Summaries and Mini-Statements – Facilitates quick access to account information.

• Consolidated Dashboard View – Displays a comprehensive overview of all group entities for better financial management.

• Enhanced Security – Features OTP verification and three-factor authentication for robust security.

Bank of Baroda’s Commitment to Digital Innovation

Commenting on the launch, Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda, stated, "With the launch of the Baroda mDigiNext mobile app for corporate customers, we are redefining corporate cash management and banking services. This app combines an intuitive user interface with advanced functionalities to deliver a seamless banking experience."

Similarly, Shri Lalit Tyagi, Executive Director, Bank of Baroda, emphasized, "The Baroda mDigiNext app marks a significant milestone in digital cash management, reinforcing our dedication to offering future-ready solutions. This app empowers our corporate clients with superior financial control and efficiency."

Accessibility and Availability

Currently available on Android, the Baroda mDigiNext app will soon be launched on iOS, ensuring wider accessibility for corporate users.

About Bank of Baroda

Established on July 20, 1908, by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is a leading commercial bank in India. With a 63.97% stake owned by the Government of India, BoB serves a vast global customer base of 165 million through a network of 60,000+ touchpoints across 17 countries on five continents. The bank offers seamless digital banking solutions, ensuring secure and efficient financial services.

Conclusion

The launch of the Baroda mDigiNext mobile app underscores Bank of Baroda’s commitment to digital transformation and innovation in cash management services. By offering real-time access, enhanced security, and advanced functionalities, the app is set to revolutionize how corporate clients manage their financial operations efficiently and securely.