Rakbank launches mobile banking solutions
Ras Al Khaimah, April 10, 2011
National Bank of Ras Al-Khaimah (Rakbank) has launched its mobile banking service, an alternative channel that provides customers with the opportunity of conducting banking transactions via their mobile phones.
Rakbank’s Mobile Banking is available on smart phones as well as conventional mobiles to ensure that all their customers can make use of this practical service, said a bank statement.
“Rakbank is proud to be one of the first banks in the UAE to offer mobile banking solutions,” said Graham Honeybill, general manager. "It is fully committed to providing customers with highly convenient, secure, and simple banking services," he noted.
"Even as we continue to expand our branch network across all emirates, Rakbank is constantly introducing new, alternate channels that can facilitate the customer’s banking experience, including online banking, rakbankdirect.ae, and Mobile Banking," he added.
Rakbank Mobile Banking is structured into two distinct services - Mobile Banking Application and Mobile Banking Service.
Both of these solutions enable customers to track their accounts, loans, and credit cards while enjoying a host of other services such as balance enquiries, utility payments and fund transfers.
In line with Rakbank's constant efforts to offer reliable and secure banking solutions, the Mobile Banking platform has been built keeping in mind the latest security protocols.
“Rakbank implements robust security features into the application to ensure that the customer’s confidential details are protected,” said Ian Hodges, head of personal banking.
“The bank ensures that the application does not store any sensitive information or transaction details on the phone to keep the Rakbank mobile banking experience secure and reliable,” Hodges added.-TradeArabia News Service
More Finance & Capital Market Stories
- Saudi inflation plunges to four-year low
- UAE investment appetite 'strengthens' says expert
- Dubai mulls rule change to woo domiciled funds
- UAE, Abu Dhabi roll over $20bn of Dubai's debt
- Saudi can achieve 4.4pc growth this year
- Emaar listing of retail unit 'within months'
- Dubai Investments nets $29m profits
- Compliance officers facing diverse pressures, says study
- Abu Dhabi finance dept inks deal with Ajman
- Kuwait registers 8pc credit growth
- Bahrain Sico funds net solid returns
- Emaar proposes 15pc cash dividends
- ABG units win top Islamic finance award
- Finance House approves 25pc cash dividends
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc
- Egypt economy growth seen less strong than thought
- Sharjah approves $4.2bn budget for 2014
- Saudi non-oil sector posts solid growth in Feb
- Seera total income rises to $34m