Move to transform supply chain finance
RAKBANK has announced a strategic partnership with Faturalab, a leading provider of smart supply chain solutions, to transform supply chain finance for businesses across the UAE.
This is Faturalab’s first strategic tie-up outside of Türkiye, enabled by RAKBANK, marking a significant milestone in expanding its reach within the GCC. Faturalab is a technology partner to many Turkish conglomerates, with a solid track record of supporting financial institutions in supply chain finance for over four years.
The partnership was formalized at RAKBANK’s Corporate Office in Dubai, in the presence of Vikas Suri, Managing Director – Wholesale Banking Group-Products, RAKBANK; Ehsaan Uddin Ahmed, Executive Vice President & Head of Transaction Banking, RAKBANK; Saruhan Dogan, Co-Founder and Board Member, Faturalab, and Ahmet Bekce, Co-Founder, Supply Chain Technologies.
Evolving needs
“Our partnership with Faturalab underscores our strategy to stay ahead of industry trends and meet the evolving needs of global commerce,” stressed Suri.
“This collaboration with Faturalab equips us with advanced tools that simplify supply chain processes and enhance operational transparency, ultimately facilitating smoother and more secure trade transactions,” remarked Ahmed.
“Our technology is designed to simplify the complexities of supply chain finance, enabling businesses to navigate global trade with enhanced efficiency and precision,” observed Dogan,
“By integrating our digital capabilities with RAKBANK’s top-class platform, this partnership will be setting a new standard for transparency and efficiency that will benefit businesses across the region,” noted Bekce.
