UAE News Today : Business

RAKBANK and DP World Collaborate to Offer Trade Finance Solutions for UAE Businesses

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RAKBANK has joined forces with DP World to offer innovative and affordable trade financing solutions to businesses of all sizes in the UAE.

This strategic partnership takes advantage DP World Extensive commercial network and real-time data information to enhance RAK BANK with enhanced risk assessment capabilities and simplified access to finance for businesses.

The partnership was signed in the presence of Vikas Suri, Chief Product Officer of RAKBANK Wholesale Banking Group, and Sinan Ozcan, Senior Managing Director of DP World Trade Finance.

Vikas Suri, Managing Director, Wholesale Banking Group Products, RAKBANK, saying,

“RAKBANK continues to work to offer comprehensive and affordable financial solutions to all through an expanded portfolio, adoption of best practices and appropriate industry collaborations.

“We are proud to partner with DP World’s simplified digital platform as it offers clients easy access to financial options, saving them the time and effort involved in handling large amounts of documentation.”

Sinan Ozcan, Senior Managing Director, DP World Trade Finance, commented,

“As a leading provider of intelligent supply chain solutions, DP World is uniquely positioned to provide visibility into business data. Our underlying load monitoring capabilities help lenders connect with businesses and accurately assess and mitigate risks. “This partnership with RAKBANK will be beneficial in facilitating global trade and providing greater visibility to all members of the supply chain.”

News source: Emirates News Agency

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