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Innovating
banking and finance
one nation at a time.
Innovating
banking and finance
one nation at a time.
Innovating
banking and finance
one nation at a time.
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Empowering global trade finance
haifin, a groundbreaking trade finance platform, is at the forefront of a remarkable transformation in the world of banking and finance. Our platform, leveraging the power of blockchain and AI, has redefined trade finance by ensuring security, transparency, and efficiency. In the realm of fraud detection, we've achieved significant milestones, safeguarding billions in transactions for consortium members. Our commitment extends to providing a financial future characterized by security, transparency, and high efficiency, where innovation seamlessly intertwines with reliability, setting unprecedented standards in the global financial landscape.
Empowering global trade finance
haifin, a groundbreaking trade finance platform, is at the forefront of a remarkable transformation in the world of banking and finance. Our platform, leveraging the power of blockchain and AI, has redefined trade finance by ensuring security, transparency, and efficiency. In the realm of fraud detection, we've achieved significant milestones, safeguarding billions in transactions for consortium members. Our commitment extends to providing a financial future characterized by security, transparency, and high efficiency, where innovation seamlessly intertwines with reliability, setting unprecedented standards in the global financial landscape.
Play Video
Innovating
banking and finance one nation at a time.
Play Video
Empowering global trade finance
haifin, a groundbreaking trade finance platform, is at the forefront of a remarkable transformation in the world of banking and finance. Our platform, leveraging the power of blockchain and AI, has redefined trade finance by ensuring security, transparency, and efficiency. In the realm of fraud detection, we’ve achieved significant milestones, safeguarding billions in transactions for consortium members. Our commitment extends to providing a financial future characterized by security, transparency, and high efficiency, where innovation seamlessly intertwines with reliability, setting unprecedented standards in the global financial landscape.
Synergistic co-creation: Collaborating for innovation
Our industry-transforming approach combines the expertise of internal enterprise professionals, external developers, and domain owners, resulting in a remarkable achievement—the country's first commercially available blockchain distributed application (ĐApps). This groundbreaking milestone redefines what is possible, demonstrating the power of co-creation in fostering innovation. As we continue to push boundaries and advance the industry, our unwavering commitment lies in shaping a future where trust and efficiency take the center stage.
Mitigating risks
in invoice
financing
Our platform is designed to minimize the risks associated with invoice financing. Through stringent validation processes and cutting-edge fraud detection mechanisms, we ensure dependable transactions for all parties involved.
Mitigating risks in invoice
financing
Our platform is designed to minimize the risks associated with invoice financing. Through stringent validation processes and cutting-edge fraud detection mechanisms, we ensure dependable transactions for all parties involved.
Unifying lending
institutions on a
single platform
Our platform transcends the mere streamlining of invoice authentication. It actively promotes collaborations among multiple banks, financial institutions and fintech’s, fostering a unified ecosystem that enhances overall efficiency.
Unifying lending
institutions on a single
platform
Our platform transcends the mere streamlining of invoice authentication. It actively promotes collaborations among multiple banks, financial institutions and fintech’s, fostering a unified ecosystem that enhances overall efficiency.
Complete
paperless
process
We help you embrace a paperless workflow and enable digital transactions, resulting in faster and more efficient operations.
Complete paperless
process
We help you embrace a paperless workflow and enable digital transactions, resulting in faster and more efficient operations.
Addressing industry
challenges with
new use cases
- Electronic Bank Guarantees: eBG
- National e-Invoice Registry
- Anti-Money Laundering Initiatives
- Digitizing Identity Verification: eKYC and eKYB
Addressing industry
challenges with
new use cases
- Electronic Bank Guarantees: eBG
- National e-Invoice Registry
- Anti-Money Laundering Initiatives
- Digitizing Identity Verification: eKYC and eKYB
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Mitigating risks in invoice financing
Our platform is designed to minimize the risks associated with invoice financing. Through stringent validation processes and cutting-edge fraud detection mechanisms, we ensure dependable transactions for all parties involved.
Unifying lending institutions on a single platform
Our platform transcends the mere streamlining of invoice authentication. It actively promotes collaborations among multiple banks, financial institutions and fintech’s, fostering a unified ecosystem that enhances overall efficiency.
Complete paperless process
We help you embrace a paperless workflow and enable digital transactions, resulting in faster and more efficient operations.
Addressing industry challenges with new use cases
- Electronic Bank Guarantees: eBG
- National e-Invoice Registry
- Anti-Money Laundering Initiatives
- Digitizing Identity Verification: eKYC and eKYB
haifin's cutting-edge technological pillars:
Blockchain
Our platform leverages blockchain for unparalleled traceability and immutability. Every transaction is permanently recorded, ensuring complete transparency in financial operations.
Cloud Native
Our cloud-native platform boasts a microservices architecture, facilitating seamless replication across diverse cloud environments. This design significantly enhances scalability for an optimal user experience on demand.
Seamless Connectivity
Seamless integration is at the core of our platform, achieved through the utilization of API’s. This ensures compatibility and streamlined communication between the platform, backend systems, and other applications.
Artificial Intelligence &
Machine Learning
Elevating capabilities to new heights, our AI and machine learning analyze trends, enabling highly informed decisions. They adeptly handle complex tasks, compare ambiguous data, and detect suspicious values, figures, and patterns.
Banking Grade
Cybersecurity
Adhering strictly to top-tier security standards mandated by regulators and the banking industry, our platform safeguards sensitive data with robust encryption. Compliance with key industry protocols, including GDPR guidelines, is paramount to our commitment to security.
Banking grade
technology
Consortium Members
Awards
Consortium Members
Awards
Our Certification
Memberships
Testimonials
Ali Sultan Rakkad Ali Amri
Chief Executive Officer
The UAE’s founding fathers had identified “innovation” as a key strategic priority to deliver prosperity and wealth to help our people realize their dreams and ambitions. Today, their vision is more relevant than ever before. Adopting a technology that gives the ability to secure finance trade by significantly reducing the risk of fraud is a huge step forward for the banking industry, particularly for the UAE as a key regional trade hub. haifin will help our country grow faster and enable banks to play a bigger role in achieving this growth.
Sara Al Binali
Group Head of Corporate, Commercial,
and International Banking
FAB is proud to lead haifin an industry wide solution aimed at digitising trade in the UAE, along with and UAE banks. By developing innovative solutions like haifin FAB is addressing critical industry challenges related to duplicate and fraudulent invoices, which have had an adverse effect on SME financing. Haifin will provide enhanced knowledge of the trade financing transactions to banks thereby improving liquidity and funding to corporates and SMEs in UAE.
Vince Cook
Chief Executive Officer
I think bringing together all of the banks to collaborate on an industry challenge has been a very powerful itiative by haifin. Specifically, for us it means that we can trust the transactions that we are being asked to look at by our customers and know that this is a single piece of financing and not something that is dubious, so it is very powerful for us.
Dr. Bernd Van Linder
Chief Executive Officer
The haifin platform will not only help reduce fraud, it will also reduce the opportunity for fraud. Typically, when you look at fraud, it’s a small group of bad actors that spoil the market for everybody else. The guarantee of the authenticity of invoices provided by haifin will help to ensure that banks in the UAE will take greater comfort in financing against these invoices.
Raheel Ahmed
Chief Executive Officer
The tremendous growth of the UAE has been greatly aided by finance and it will continue to be a vital aspect in the future, especially given the country’s status as a key regional trade hub. RAKBANK is proud to be one of the leading banks on the haifin platform, which was created to bring banks together to collaborate on the industry challenge of addressing the issue of fraudulent invoices. The platform upholds the transparency and accountability of financial institutions within the trade ecosystem. This cutting-edge platform is transforming the financial industry with its innovative approach and universal platform, securing the stability and credibility of the trade finance for the long term.
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