Dubai, August 27, 2019
RAKBANK partners with CRIF GULF DWC LLC (Dun & Bradstreet) to offer SMEs Business Information, Risk and Compliance solutions
The National Bank of Ras Al Khaimah (RAKBANK) has entered into a Memorandum of Understanding (MoU) with CRIF GULF DWC LLC (Dun & Bradstreet), one of UAE's leaders in business information services, data analytics, risk, and compliance solutions.
The MoU will enable RAKBANK's Business Banking unit to offer its customers specialized services relating to risk, compliance, business information, analytics, and accumulate reports at preferential terms through this partnership. Customers will have access to great discounts on the aforementioned services to facilitate their business, making it more efficient, effective, and secure.
Commenting on the partnership Dhiraj Kunwar, Managing Director of Business Banking at RAKBANK, said: "Our continuous focus on innovation means Business Banking customers will benefit from the digital facilities that serve to protect and support customers’ businesses through RAKBANK’s valuable partnership with CRIF GULF DWC LLC (Dun & Bradstreet). Not only does this partnership offer risk and compliance services at competitive and discounted rates, but it also provides business information, analytics and reporting to support these businesses in making calculated decisions based on data that has been compiled through the platform provided by our partners. As a Bank, we constantly focus on developing services and solutions for our business customers that revolve around supporting them in more ways than just financially.”
Manjeet Singh Chhabra, the Managing Director of CRIF GULF DWC LLC (Dun & Bradstreet), said: "We are happy to join forces with RAKBANK to serve a specific need of SMEs in the region. This partnership makes CRIF D&B solutions seamlessly available to RAKBANK's customers, making them improve performance and competitiveness through better use of data and insights."
The MoU was signed by K.S. Ramakrishnan, Chief Risk Officer of RAKBANK; Dhiraj Kunwar, Managing Director of Business Banking; Kunal Roy, Senior Manager of Business Banking at RAKBANK; Manjeet Singh Chhabra, Managing Director of CRIF GULF DWC LLC (Dun & Bradstreet) along with the Senior management of CRIF GULF Dun & Bradstreet.
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 36 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX).
About CRIF Gulf (Dun & Bradstreet UAE)
Dun & Bradstreet is a global company founded in 1841. In 2004, it established CRIF Gulf (Dun & Bradstreet UAE) as a network partner that became the leading source of business information and insights with focus in the United Arab Emirates along having a global reach.
CRIF Gulf provides two core solution sets to the clients in the UAE - Risk Management Solutions and Sales & Marketing Solutions. The company’s major clients in the region include banks, financial institutions, governments, corporate and SMEs.
CRIF Gulf is the leading provider of banking credit information through Dun & Bradstreet heritage classed as one of the key players worldwide for providing integrated services and solutions for business & commercial information and credit & marketing management. Dun & Bradstreet’s global commercial database contains more than 300 million business records. It is also included in the prestigious FinTech 100, a ranking of the leading global technology solution providers to the financial services industry.