How to Register a Beneficiary for International Bank Payments in iBusiness Next Gen? Print

This guide provides step-by-step instructions to register a beneficiary for International Transfers in Next Gen CIB using the iBusiness platform.

Step 1: Access Beneficiary Creation

1. Log in to iBusiness
2. Navigate to: Payments & Transfers  ➜ Beneficiary
3. Click Create Beneficiary 

Step 2: Select Beneficiary Type

• Select Single Transfer
• Choose International Transfer Beneficiary

Step 3: Enter Beneficiary Details

1. Fill in all required beneficiary information
2. Ensure accuracy of:

Basic Information

• Beneficiary ID
• Beneficiary Name 1
• Beneficiary Name 2 (if applicable)
• Beneficiary Name 3 (if applicable)
• Nickname

Address Details

• Address Line 1
• Address Line 2
• City
• P.O. Box
• Country

Step 4: Enter Bank Details

1. Provide the required banking information:

• Country
• IBAN (International Bank Account Number)
• use swift code to narrow your search 

Step 5: Review and Submit

1. Review all entered details carefully
2. Verify that all information is accurate
3. Click Submit

Step 6: Authenticate the Request

Complete authentication using one of the following methods:

• Mobile App Authentication
  • Approve via iBusiness mobile app notification
  • Use biometric or device verification
• Google Authenticator
  • Enter the One-Time Password (OTP)

Step 7: Approval (If Maker–Checker is Enabled)

1. The request is routed to a Checker/Approver
2. The Approver must: Log in to iBusiness

Navigate to: Transactions Hub ➜ Pending Your Authorizations

3. Locate the request under: Create International Transfers Beneficiary
4. Review and Approve or Reject