The RAK Department of Finance have announced the launch of RAK SmartPay, an integrated e-payment system in the emirate.
UAE based RAKBANK says it is in the process of tying up with three new fintech firms, in an attempt …
RANKBANK has signed an agreement with Sri Lanka’s Cargills Bank to leverage Ripple to enhance its financial services.
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.
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.
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.
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 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.