RAKBANK

RAKBANK cooperates with UnionPay to drive contactless mobile payments in UAE

Retrieved on: 
Monday, September 11, 2023
Heart, Partnership, ABU, UnionPay, RAKBANK, MD, Apple Pay, APP, Samsung Pay, Payment card, Online shopping

ABU DHABI, UAE, Sept. 11, 2023 /PRNewswire/ -- RAKBANK and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE.

Key Points: 
  • ABU DHABI, UAE, Sept. 11, 2023 /PRNewswire/ -- RAKBANK and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE.
  • RAKBANK has enabled all their terminals for accepting UnionPay contactless payments where card holders can use their mobile wallet, like ApplePay, and mobile banking APP or contactless cards.
  • The contactless payment solution is aimed at UnionPay cardholders visiting UAE as well as UnionPay cardholders living in the UAE.
  • The contactless payment experience for Chinese customers will give them a feel of making payments like they do in their home country using mobile banking app, ApplePay, Samsung Pay, Huawei Pay, Mi Pay and physical UnionPay contactless payment cards.

RAKBANK Set to Transform its Business Finance Operations, Selects Newgen's Trade and Supply Chain Finance Solution

Retrieved on: 
Tuesday, June 20, 2023
Trade, RAKBANK, SCF, Online shopping, Newgen

DUBAI, UAE, June 20, 2023 /PRNewswire/ -- Newgen Software, a global provider of low code digital transformation platform, announced that RAKBANK, a leading financial institution in the UAE market, has selected Newgen's Trade and Supply Chain Finance (SCF) solution for digitizing and optimizing its end-to-end business finance processes.

Key Points: 
  • Leveraging Newgen's Trade Finance and SCF solution, built on a low code digital transformation platform—NewgenONE, the bank can seamlessly automate the origination and processing of transactions.
  • The low code-based configurable solution combines the Trade and SCF portal to connect the front and back-office processing systems, orchestrating the entire customer journey while ensuring compliance with international regulations.
  • "We look forward to leveraging Newgen solution's expertise and cutting-edge technology to create a more efficient, transparent, and customer-centric trade and supply chain finance ecosystem," added Peter.
  • "Our Trade Finance and SCF solution, powered by NewgenONE, offers a combination of low code configurability and comprehensive functionality.

RAKBANK Set to Transform its Business Finance Operations, Selects Newgen's Trade and Supply Chain Finance Solution

Retrieved on: 
Tuesday, June 20, 2023
Trade, RAKBANK, SCF, Online shopping, Newgen

DUBAI, UAE, June 20, 2023 /PRNewswire/ -- Newgen Software, a global provider of low code digital transformation platform, announced that RAKBANK, a leading financial institution in the UAE market, has selected Newgen's Trade and Supply Chain Finance (SCF) solution for digitizing and optimizing its end-to-end business finance processes.

Key Points: 
  • Leveraging Newgen's Trade Finance and SCF solution, built on a low code digital transformation platform—NewgenONE, the bank can seamlessly automate the origination and processing of transactions.
  • The low code-based configurable solution combines the Trade and SCF portal to connect the front and back-office processing systems, orchestrating the entire customer journey while ensuring compliance with international regulations.
  • "We look forward to leveraging Newgen solution's expertise and cutting-edge technology to create a more efficient, transparent, and customer-centric trade and supply chain finance ecosystem," added Peter.
  • "Our Trade Finance and SCF solution, powered by NewgenONE, offers a combination of low code configurability and comprehensive functionality.

Al Etihad Credit Bureau (AECB) Accelerates Cross-Border Credit Access in Collaboration with Nova Credit

Retrieved on: 
Tuesday, March 7, 2023
History, DIB, Ecosystem, RAKBANK, GCC, Dubai Islamic Bank, AECB, United Kingdom, International, Credit, Entrepreneurship, Bank, Online shopping

DUBAI, UAE, March 7, 2023 /PRNewswire/ -- Al Etihad Credit Bureau (AECB), a company that provides information and analytics to support credit decisions, has announced a strategic collaboration with Nova Credit , the world's leading consumer-permissioned credit bureau, to enable newcomers to leverage their home country credit history when applying for financial services upon arrival to the UAE.

Key Points: 
  • DUBAI, UAE, March 7, 2023 /PRNewswire/ -- Al Etihad Credit Bureau (AECB), a company that provides information and analytics to support credit decisions, has announced a strategic collaboration with Nova Credit , the world's leading consumer-permissioned credit bureau, to enable newcomers to leverage their home country credit history when applying for financial services upon arrival to the UAE.
  • The bank has been a regular user of AECB's suite of products including AECB Credit Score, Bureau Alerts and has now also subscribed to their latest offering of Foreign Credit Report.
  • AECB's new foreign credit data offering brings multiple benefits to subscribers including integrated access to hundreds of millions of standardized consumer data records from dozens of leading credit bureaus around the world.
  • AECB and Nova Credit's end-to-end data delivery model, which undergoes rigorous quality control processes, is fully compliant with foreign and UAE jurisdiction regulations.

Al Etihad Credit Bureau (AECB) Accelerates Cross-Border Credit Access in Collaboration with Nova Credit

Retrieved on: 
Tuesday, March 7, 2023
History, DIB, Ecosystem, RAKBANK, GCC, Dubai Islamic Bank, AECB, United Kingdom, International, Credit, Entrepreneurship, Bank, Online shopping

DUBAI, UAE, March 7, 2023 /PRNewswire/ -- Al Etihad Credit Bureau (AECB), a company that provides information and analytics to support credit decisions, has announced a strategic collaboration with Nova Credit , the world's leading consumer-permissioned credit bureau, to enable newcomers to leverage their home country credit history when applying for financial services upon arrival to the UAE.

Key Points: 
  • DUBAI, UAE, March 7, 2023 /PRNewswire/ -- Al Etihad Credit Bureau (AECB), a company that provides information and analytics to support credit decisions, has announced a strategic collaboration with Nova Credit , the world's leading consumer-permissioned credit bureau, to enable newcomers to leverage their home country credit history when applying for financial services upon arrival to the UAE.
  • The bank has been a regular user of AECB's suite of products including AECB Credit Score, Bureau Alerts and has now also subscribed to their latest offering of Foreign Credit Report.
  • AECB's new foreign credit data offering brings multiple benefits to subscribers including integrated access to hundreds of millions of standardized consumer data records from dozens of leading credit bureaus around the world.
  • AECB and Nova Credit's end-to-end data delivery model, which undergoes rigorous quality control processes, is fully compliant with foreign and UAE jurisdiction regulations.

Mastercard Advances B2B Payments with New Supply Chain Finance Offering, Empowering More Businesses to Secure Working Capital They Need to Grow

Retrieved on: 
Thursday, October 21, 2021
Professional Services, Technology, Finance, Software, Networks, Banking, Standard Bank, Technology, Ecosystem, RAKBANK, Goal, Industry, ADCB, Partnership, HSBC, First Abu Dhabi Bank, FreshBooks, Track, Emirates Islamic, Commercial bank, Risk, Abu Dhabi Islamic Bank, CEO, Growth, A2A, Solution, API, Mashreq (bank), Culture, Science and technology in Asia, Gender disparity in computing, Automation, Bank, Financial services, Cryptocurrency, Online shopping, Payment card, Mastercard (NYSE:MA), Demica, MASTERCARD (NYSE:MA), DEMICA

Launched in partnership with Demica , a leading global provider of supply chain finance technology, this new offering empowers Mastercard partners to provide their business customers with access to affordable working capital.

Key Points: 
  • Launched in partnership with Demica , a leading global provider of supply chain finance technology, this new offering empowers Mastercard partners to provide their business customers with access to affordable working capital.
  • Mastercard Track, an open-loop network, can now connect providers of B2B payments and their respective buyer and supplier customers to working capital.
  • A lack of scalable solutions in the market has put supply chain financing out of reach for many businesses.
  • Craig Vosburg, Chief Product Officer, Mastercard says, Helping businesses optimize their working capital has been one of the key goals of Mastercard Track Business Payment Service.

RAKBANK Chooses Anomali Threat Intelligence Product Suite to Detect Threats Across its Banking Infrastructure

Retrieved on: 
Tuesday, December 8, 2020
Computing, Data security, Information technology, Information, Computer network security, Anomali, Threat intelligence, Computer security, RAKBANK, Threat

As one of the prominent banks in the United Arab Emirates, we manage assets and transactions for thousands of customers.

Key Points: 
  • As one of the prominent banks in the United Arab Emirates, we manage assets and transactions for thousands of customers.
  • One of our main commitments to our customers is security and we achieve this through solid partnerships with industry experts such as Anomali.
  • As an Anomali customer, RAKBANK will utilize our full product suite, which includes Anomali ThreatStream, our threat intelligence platform (TIP), Anomali Lens+, our advanced threat knowledge tool, and Anomali Match, our enterprise threat detection engine.
  • We look forward to helping them build an effective threat intelligence program that scales alongside their security operations.

Xpress Money's Business Solution FLEX Strengthens, Powered by Collaborations With Banks, NBFIs and Online Remittance Players

Retrieved on: 
Monday, October 21, 2019
Remittance, RAKBANK, Abu Dhabi Commercial Bank, Remit, Xpress, Money transfer, Emirates of the United Arab Emirates, Companies, Economy of the United Arab Emirates

Renowned financial institutions like Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Kuwait Finance House (KFH), RAKBANK, World Remit and Ficanex (Canada) use Xpress Money's business solution FLEX to bring new money transfer channels to their customers and expand into new geographies.

Key Points: 
  • Renowned financial institutions like Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Kuwait Finance House (KFH), RAKBANK, World Remit and Ficanex (Canada) use Xpress Money's business solution FLEX to bring new money transfer channels to their customers and expand into new geographies.
  • Xpress Money FLEX , a flexible and compatible solution using a proprietary API, is available to businesses within the financial services and remittance industry with an existing money transfer license.
  • Talking about the FLEX solution, Sudhesh Giriyan, CEO, Xpress Money said, "FLEX has been instrumental in catalysing our growth strategy as we continue to invest in key partnerships globally.
  • Leveraging the potential of the US$689 billion remittance industry (Source: The World Bank), Xpress Money has fostered partnerships with trusted institutions to widen the reach of its remittance solutions.

Xpress Money's Business Solution FLEX Strengthens, Powered by Collaborations With Banks, NBFIs and Online Remittance Players

Retrieved on: 
Monday, October 21, 2019
Remittance, RAKBANK, Abu Dhabi Commercial Bank, Remit, Xpress, Money transfer, Emirates of the United Arab Emirates, Companies, Economy of the United Arab Emirates

Renowned financial institutions like Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Kuwait Finance House (KFH), RAKBANK, World Remit and Ficanex (Canada) use Xpress Money's business solution FLEX to bring new money transfer channels to their customers and expand into new geographies.

Key Points: 
  • Renowned financial institutions like Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Kuwait Finance House (KFH), RAKBANK, World Remit and Ficanex (Canada) use Xpress Money's business solution FLEX to bring new money transfer channels to their customers and expand into new geographies.
  • Xpress Money FLEX , a flexible and compatible solution using a proprietary API, is available to businesses within the financial services and remittance industry with an existing money transfer license.
  • Talking about the FLEX solution, Sudhesh Giriyan, CEO, Xpress Money said, "FLEX has been instrumental in catalysing our growth strategy as we continue to invest in key partnerships globally.
  • Leveraging the potential of the US$689 billion remittance industry (Source: The World Bank), Xpress Money has fostered partnerships with trusted institutions to widen the reach of its remittance solutions.

RAKBANK and Newgen Software Win the Best Branch Digitization Initiative Awards, 2019

Retrieved on: 
Wednesday, June 12, 2019
Emirates of the United Arab Emirates, RAKBANK, Geography of Asia, Ras Al Khaimah, Newgen Software, United Arab Emirates

DUBAI, June 12, 2019 /PRNewswire/ -- National Bank of Ras Al Khaimah (RAKBANK) and Newgen Software were announced the winners of The Asian Banker Middle East and Africa Awards Programme 2019 for the Best Branch Digitisation Initiative in the Middle East.

Key Points: 
  • DUBAI, June 12, 2019 /PRNewswire/ -- National Bank of Ras Al Khaimah (RAKBANK) and Newgen Software were announced the winners of The Asian Banker Middle East and Africa Awards Programme 2019 for the Best Branch Digitisation Initiative in the Middle East.
  • Geoff Stecyk, Chief Operating Officer at RAKBANK, said, "We are delighted to win the title of 'Best Process Automation Initiative Awards, 2019' from The Asian Banker.
  • Receiving this award reinforces our continued commitment towards ensuring our clients have the best technology," said Diwakar Nigam, Chairman and Managing Director, Newgen Software.
  • RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's most dynamic financial institutions.