Dubai’s RTA goes paperless for key business process ...United Arab Emirates

Khaleej Times - News
Dubai’s RTA goes paperless for key business process
source : Khaleej Times ( United Arab Emirates ) () 9
Dubai: Dubai’s Roads and Transport Authority (RTA) has signed an agreement with Emirates NBD banking group to fully digitise the RTA’s bank guarantee management process, making it completely paperless. Paper usage for the RTA’s bank guarantee transactions will be cut by 100 per cent following the agreement with the bank’s ‘Corporate & Institutional Banking’ division using the ‘Smart Guarantee Trade Finance’ platform. The platform enables paperless handling of guarantees, including viewing guarantees and transaction details online, and making amendments, cancellations, extensions or claims. Saving time Guarantees are routed to Emirates NBD via SWIFT network for further advising, changing the

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