United Arab Emirates: The National Bank of Ras Al Khaimah (RAKBANK) announced today that it has implemented UAE Pass registration, a National Digital Identity and Digital Signature solution for the UAE, across all 36 branches. The UAE Pass solution enables the Bank’s customers and potential customers to complete their registration seamlessly and securely in just a few simple clicks of a device with the help of the Bank’s staff at any of the branches.
Frederic de Melker, Managing Director of Personal Banking at RAKBANK, said:
“RAKBANK is honoured to play an integral role in this nationwide initiative and become the first bank in the country to offer a UAE Pass registration facility across our branches. The digital identity and signature solutions will particularly resonate with today’s smart customers who always prefer access to services and solutions through convenient and secure digital means.”
Geoff Stecyk, Chief Operating Officer at RAKBANK, said:
“The Bank’s commitment to support UAE Pass registration across its Branches will help our customers easily set up their digital identity and will significantly smoothen their interactions with government bodies and financial institutions. Essentially, this nationwide adoption offers a seamless authentication process with a high level of security whereby we will continuously focus on integrating its ample features within our portfolio of digital services. Currently, the Bank is working on plans to accept digital on-boarding facilities, logins and digital signatures that ultimately benefits our customers and simplifies their banking journey with us.”
During the last quarter of 2019, the Bank announced that it was one of the pioneering banks to sign a service agreement for UAE Pass with Telecommunications Regulatory Authority (TRA), Abu Dhabi Digital Authority and Smart Dubai. RAKBANK is quick to see the benefits offered by this extraordinary initiative. In essence, it is a composition of brilliant features that allows for UAE residents to securely store and access their personal information digitally. With boundless potential, the UAE Pass is currently working to implement features such as facilitating transactions, a seamless authentication and on-boarding process for the Bank, the ability to scan Emirates ID, digitally sign forms, and more.
Furthermore, UAE Pass is in line with RAKBANK’s commitment to placing its customers’ needs first and providing them with highly convenient, secure, and simple digital on-boarding facilities to help simplify their banking requirements. This nationwide initiative aims to provide a single trusted digital identity solution for service providers in the UAE, while maintaining a high level of security assurance and seamless user experience. UAE PASS is a fundamental enabler for digital transformation initiatives, and a contributor towards achieving the goals of UAE Vision 2021, UAE Centennial 2071, and sustainable development.
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). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with RAKBANK via twitter.com/rakbanklive and facebook.com/rakbank.
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© Press Release 2020