The RAK Department of Finance have announced the launch of RAK SmartPay, an integrated e-payment system in the emirate.
News, Software
RAKBANK launches blockchain-enabled cross-border payments
Recognising the rising power of blockchain today, the bank has partnered with Ripple to enable “instant, frictionless, and secure money transfers."0 2877
RAKBANK to tie-up with three new fintech firms
UAE based RAKBANK says it is in the process of tying up with three new fintech firms, in an attempt …
RAKBANK enables seamless cash remittance via blockchain network
RANKBANK has signed an agreement with Sri Lanka’s Cargills Bank to leverage Ripple to enhance its financial services.
RAKBANK enhances customer service with AI
RAKBANK has recently introduced a cognitive chatbot that allows bank employees to interact with an AI-powered IBM platform to help them answer questions, find solutions or quickly route pending requests to human advisors.
UAE MoF partners with Finovate Middle East to drive fintech innovation
The UAE MoF has joined forces with the Finovate series to drive innovation, growth and investment in banking and payments technology in the Middle East.
RAKBANK introduces Samsung Pay at ATMs
This innovative digital solution enables the bank’s customers to make cardless cash withdrawals from RAKBANK ATMs using their Samsung smartphones without the need for a physical debit or credit card.
ME bank thefts linked to $6 billion cyber launderers
Online currency exchange firm Liberty Reserve was last week found guilty of laundering $6 billion and it has now emerged that the organisation is linked to last year’s $45 million Bank of Muscat and RAKBANK frauds.
Spanish police arrest 8 in Bank of Muscat, RAKBANK theft
Spanish police said Sunday eight people have been arrested who allegedly aided a global ring that stole $45 million from the Bank of Muscat and RAKBANK through fraudulent ATM withdrawals adding to arrests made by the U.S. and Germany in the scam.