UAE-based RAKBANK Implements Kamakura Solutions for Balance Sheet Management and Funds Transfer Pricing

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SINGAPORE, Aug. 5, 2018 /PRNewswire/ — Kamakura Corporation reported today that UAE-based RAKBANK has signed an agreement to implement Kamakura’s solutions for its balance sheet management and funds transfer pricing. The Bank has selected Kamakura’s system after a comprehensive evaluation of available options.

RAKBANK, also known as The National Bank of Ras Al Khaimah, is one of the most dynamic banks in the UAE. Founded in 1976, RAKBANK is a public joint stock company listed on the Abu Dhabi Securities Exchange (ADX) and headquartered in the emirate of Ras Al Khaimah, UAE. The Bank underwent a major transformation in 2001, shifting its focus from Corporate to Personal and Business Banking. Today, it offers a wide range of Personal and Business Banking…

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