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Bank of Baroda mDigiNext App for Corporate Cash Management

22 March 20251 min read
BANKING & FINANCEBank of BarodamDigiNext App forCorporate CashManagement22 March 2025safalsetu.com

Why in the news

Bank of Baroda launched a mobile app to improve working capital and cash flow management for corporates.

Key facts

  • 24×7 access; create and authorise one-to-one transactions; approve or reject bulk uploads.
  • Track workflows, make real-time inquiries, see mini-statements and a dashboard of all group entities.

Significance

  • Helps decisions on the go and positions BoB as a tech-savvy business banking partner.

Exam angle

  • Users: corporate customers.
  • Launched by: Bank of Baroda; authentication: OTP plus 3FA.

Test yourself

1. Which bank launched the mDigiNext mobile app for corporate customers?

Bank of Baroda launched mDigiNext.

2. On which platform is the mDigiNext app currently available?

It is live on Android, with iOS to follow.

3. Which security feature is used in mDigiNext alongside OTP verification?

The app uses OTP and three-factor authentication (3FA).