Emirates Bank Group is to provide UAE businesses with the online @rating solution for building trust in e-commerce transactions from export credit-insurance firm, Coface Group.
The solution aims to solve the problems of lack of transparency and security within e-commerce.
The new online service offers products enabling any company in the world:
* to be recognised as a reliable commercial partner, by applying for the @rating Quality Label certification (which can be displayed freely on its documents and Web site and consulted free of charge on www.cofacerating.com);
* to check and monitor the creditworthiness of its own commercial partners, customers or suppliers to fulfil their commercial commitments - where the partners have obtained the @rating Quality Label certification this service is free of charge; and
* to request protection against risk of non-payment with @rating Protection for sales to companies with @rating quality Label certification.