RAKBANK, based in UAE, has entered a strategic partnership with Türkiye-based Faturalab, a provider of smart supply chain solutions.
This marks Faturalab’s first collaboration outside Türkiye, facilitated by RAKBANK, as it expands into the Gulf Cooperation Council (GCC) region.
Faturalab has worked with Turkish conglomerates and financial institutions for over four years in supply chain finance.
The partnership integrates Faturalab’s digital technology and analytics into RAKBANK’s wholesale banking operations.
Vikas Suri, Managing Director – Wholesale Banking Group-Products at RAKBANK stated:
“By embracing innovative technology, we are redefining our business processes to deliver faster, more efficient financing solutions. Our partnership with Faturalab underscores our strategy to stay ahead of industry trends and meet the evolving needs of global commerce.”
Saruhan Dogan, co-founder and Board Member of Faturalab commented:
“Our technology is designed to simplify the complexities of supply chain finance, enabling businesses to navigate global trade with enhanced efficiency and precision.”
Featured image credit: RAKBANK
