MDC Business Management Services (MDC BMS), a Mubadala company, today announced that it has partnered with Crediti Fintech to utilise the MoniMove platform for the digitalisation of procurement and supply chain operations.
The agreement brings together two digital focused companies: MDC BMS, a multifunctional shared services company delivering outstanding business management operations for clients within the UAE; and Crediti Fintech, a fintech company revolutionising the UAE’s trade and supply chain digitisation through its award-winning platform.
With MoniMove, which is operated in the UAE by Protiviti, MDC BMS will examine how to seamlessly digitise and govern clients’ supply chain transactions through the blockchain powered platform.
Clients will be able to eliminate manual tasks, save time and cost while having access to real-time reporting and analytics – boosting transparency and enhancing governance. Suppliers will benefit from supply chain finance services, advanced digital delivery tracking and live site inspection tools. Targeting extensive levels of transactions, this partnership will enable all partners to contribute to the UAE’s vision of supporting local SMEs and helping the national economy prosper.
“At MDC BMS, our first thought with a new partner is whether it will benefit our clients. By carefully examining MoniMove with Crediti Fintech, we can ensure that our digitalisation strategy takes our procurement and supply chain services to the next level,” said Nasir Al Nabhani, Chief Executive Officer, MDC BMS.
“It’s a great milestone for us to partner with MDC BMS and have a shared vision of introducing an operational trade governance and innovation in procurement, projects and supply chain operations,” said Hashim Al Al Hussaini, Founder & CEO of Crediti FinTech. “We have always been committed to offer continuous value to the economy, and the partnership with MDC BMS marks yet another step forward in the company`s vision to revolutionise the trade ecosystem in the UAE.”
“The UAE has been driving digital transformation as part of its economic development and diversification initiatives. We are excited to be part of this digitisation journey through MDC BMS and we are keen to contribute to the country’s vision of creating and encouraging a robust fintech ecosystem,” said Dr. Hamad Al Ali, CEO of Royal Strategic Partners and Crediti board member.
Arindam De, Managing Director and Country Market Leader, Protiviti Member Firm said, “We are confident that our experience of working with a wide range of organisations across the UAE, and the understanding of their business landscape will be an added advantage to deliver on this important initiative.”
Source: Emirates News Agency