Regulation & Policy
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The National Bank of Ras Al Khaimah (RAKBANK) has implemented UAE Pass registration, a national digital identity and digital signature solution for the UAE. The solution that has been executed across all 36 branches of the bank, enables customers to complete their registration processes seamlessly and securely with the help of the bank’s personnel.
Frederic de Melker, Managing Director of Personal Banking, RAKBANK enunciated, “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.”
In Q4 2019, the bank announced that it had signed a service agreement for UAE Pass with Telecommunications Regulatory Authority (TRA), Abu Dhabi Digital Authority and Smart Dubai.
Geoff Stecyk, Chief Operating Officer, RAKBANK explicated, “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.”
UAE pass added new governmetal services in mid 2019 and was also adopted by the UAE Banking sector in September of 2019.
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