Bitpanda are pleased to announce that The National Bank of Ras Al Khaimah (RAKBANK) has become the first bank in the UAE to partner with Bitpanda Technology Solutions to unlock digital assets. RAKBANK is one of the major banks in the UAE, and one of the most dynamic – the key partner for their growth in the region.
Since they first launched our digital assets infrastructure offer, Bitpanda Technology Solutions, we’ve partnered with “several major banks and financial institutions in Europe to help millions of their customers access digital assets.”
Their technology can be used by financial institutions “in any market – because it was designed to match our global ambition.”
They want to support innovation in “the digital assets space, and truly make financial markets accessible to everyone.”
RAKBANK is regarded said to be “as one of the UAE’s most dynamic financial institutions, and is set to further those ambitions through its partnership with Bitpanda.”
When fully launched, their customers will be able “to pursue various digital assets use cases, unlocking one of the most complete ranges available on the market.”
All this will be made possible via Bitpanda’s API-driven and “fully secure ISO 271001-certified infrastructure.”
As with their current partnerships, RAKBANK’s customers will be “able to access these new benefits within their existing app, with RAKBANK’s current brand.”
That’s part of what makes our partnerships “so successful, an ease of integration that gives end users confidence. Their design, our technology – a perfect match.”
Bitpanda and RAKBANK have announced plans “to work exclusively together in the UAE to explore RAKBANK’s issuance of digital payments tokens.”
This is a bold goal, and comes at a “crucial time for the region.”
By committing to future collaboration, they’re also “committing to a bold future of innovation for digital assets in the UAE.”
They want to explore new ways to better “integrate digital assets with the traditional financial ecosystem, and unlock those benefits for people across the region.”
By capitalizing on Bitpanda’s 9 years of hard-won trading experience, fintechs, traditional banks, and online platforms “can provide a swift and easy route to meet the rising demand for modern investing solutions.”
The alternative? Starting from scratch and going alone “often leads to high costs and huge gaps in time. Coupled with how fast our industry moves, these products will likely be outdated before launch.”
Instead, by partnering with Bitpanda, financial institutions “like RAKBANK are able to hand-pick from our extensive range of asset classes and bring them to their audience fast, all with the look and feel of their own brand.”
So far via Bitpanda Technology Services, major traditional banks “including Raiffeisen, LBBW, German digital bank N26, German cloud banking platform Mambu, UK fintech Plum, Italian neobank Hype and more have all successfully introduced a dependable investment platform that meets the highest regulatory standards to their customers.”
