ABU DHABI, 22nd September / WAM/ MDC BMS, a subsidiary of the Mubadala Group, has announced a new partnership with Credit Fintech to leverage the MoniMove platform to digitize procurement and supply processes.
This agreement brings together two leading companies in the field of digital technology; MDC Business Management Services, a multifunctional shared services company that provides support for key business management operations to clients in the UAE; and Credit Fintech, which specializes in digitizing trade and supply chains.
Through the Monimov platform that is managed in the UAE by Protivity, MDC Business Management Services will digitize and seamlessly manage customers’ supply chain transactions through blockchain technology. Where customers will be able to eliminate manual tasks, save time, reduce cost and reduce operational risks, with access to reports and analytics in record time, which enhances transparency and governance in business transactions. In addition, suppliers benefit from direct supply chain financing, digital delivery tracking, and on-site inspection tools.
“By introducing us to the Monimov platform with Credit Fintech, we are confident that our digitization strategy will take procurement and supply chain services to the highest level,” said Nasser Al Nabhani, CEO of MDC Business Management Services.
Hashem Al Husseini, founder and CEO of Credit Fintech, said: “It is a milestone for us to share with MDC Business Management Services our vision of operational trade governance and innovation in procurement, projects and supply chains.”
For his part, Dr. Hamad Al-Ali, CEO of Royal Strategic Partners and a member of the Board of Directors of Credit: The UAE is leading digital transformation as part of economic development initiatives.
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