Emirates NBD, a popular banking group in the Menat region, has revealed partnerships with JP Morgan's innovative platform, Kinexylink, peer-to-peer>
Improved payment security
When it comes to payment processing, Emirates NBD, the banking division, adopting Kinexys Liink makes a big difference. The “confirm” application uses blockchain technology to ensure that payments are directed towards the correct owner. This is beneficial in terms of time saved to resolve payment issues, making the process faster and making payments safer to reach the intended recipient. The move is in line with Emirates NBD's ongoing efforts to strengthen and innovate financial services in the UAE and beyond.
Emirates NBD's adoption of blockchain highlights the bank's commitment to driving innovation within the financial sector. Such a partnership with Kinexys Liink places Emirates NBD at the forefront of banks in the region, supporting blockchains that facilitate cross-border payments. This means that as the network evolves, banks are ready and ready for future opportunities.
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Anis Daniel, group head of transaction banking services at Emirates NBD, spoke optimistic about the partnership. He highlighted the fact that integration with Kinexys Liink creates tangible value for banks within their networks through better payment security and efficiency. Daniel also pointed out that as the network grows in the future, this will create more opportunities for both Emirates NBD and the partners involved.
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Naveen Malalana, global co-head of Kineks by JP Morgan, is reportedly pleased to have noticed that Emirates NBD has joined the network. He showed that partnerships improve the speed, security and reliability of cross-border payments across the region. With this move, Emirates NBD will remain at the forefront of innovation and payment protection within the Menat region.
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