Emirates NBD's strategic collaboration with Kinexys by J.P. Morgan set to enhance cross-border payment security
Through the collaboration, Emirates NBD aims to provide participating banks and financial institutions on the network with enhanced security and efficiency and offer benefits to further streamline cross-border payment flows in the United Arab Emirates (UAE). Leveraging the 'Confirm' Application, Emirates NBD, will be able to validate account information for accounts based in the UAE for participants on the 'Confirm' Application.
Kinexys Liink is offered by Kinexys by J.P. Morgan – the firm's blockchain business unit focused on groundbreaking innovation to build the next-generation of financial infrastructure utilising blockchain technology. An Application on the Kinexys Liink network, 'Confirm' enables the global validation of bank account information in advance of payment being made.
By providing validation services on the 'Confirm' Application Emirate NBD will help network participants ensure that payments are routed correctly, preventing costly delays and reducing the occurrence of payment returns due to incorrect or outdated details. This will also help to control operational costs, improve straight-through processing rates, and help reduce payment delays, which could otherwise take several days to resolve, ensuring payments will reach the intended recipients quickly and efficiently.
The collaboration positions Emirates NBD as a regional pioneer in utilising blockchain technology to streamline international payments, strengthening its commitment to innovation and payment security.
Anith Daniel, Group Head of Transaction Banking Services, Emirates NBD, commented: We are pleased to integrate with 'Confirm' by Kinexys Liink, which positions us at the forefront of payment innovation. By leveraging a blockchain network infrastructure such as the one from Kinexys by J.P. Morgan, we are able to provide real value to banks on the network, ensuring advanced payment security and streamlined operations. As the Kinexys Liink network expands, we are excited about the future opportunities this collaboration will unlock.
Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said: We are pleased to welcome Emirates NBD as part of the Kinexys Liink network. We are committed to developing solutions that enhance the speed, security and reliability of global cross-border payments and Emirates NBD's integration with the Kinexys Liink network helps bring these benefits to the region.
News Source: Burson
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
a day ago
- Al Etihad
UAE tops again Greenfield FDI Performance Index
12 Aug 2025 15:34 A. SREENIVASA REDDY (ABU DHABI) The UAE was once again the world's top performer for attracting foreign direct investment relative to the size of its economy in 2024, leading the 10th edition of fDi Intelligence's Greenfield FDI Performance Index. The ranking covers 105 countries; 85 posted an index score above 1.0, meaning their share of global greenfield projects was larger than their share of global GDP, while 20 scored below 1.0. Investor confidence in the UAE 'remained strong', with a score of 14.26 indicating the country received more than fourteen times the project volume one might expect given its GDP, fDi Intelligence's report said. Although project numbers grew a modest 1.8% last year, the UAE ranked as the second-most popular FDI destination globally for inbound projects, behind the services, tech and financial services remained the leading FDI sectors, with financial services showing particularly strong project growth; transportation and warehousing, communications and consumer products also saw notable upticks. 'The UAE has many initiatives geared towards becoming a global leader in artificial intelligence,' fDi Intelligence report said. Artificial intelligence, cyber security and cloud computing continued to be key themes, underpinned by national strategies such as Artificial Intelligence 2031 and Centennial 2071. Recent announcements include Microsoft's plan for a global engineering development centre in Abu Dhabi and a 2025 move to build sovereign cloud and AI infrastructure with G42. The report has credited the achievements to the sound policy matrix of the country. 'The UAE has transformed FDI into a major opportunity for economic diversification. Its overall FDI success is also due to its pro-business environment, its relative stability in an otherwise turbulent region and its nonaligned foreign policy, which keeps the doors open to any investor from the East and West alike,' the report said. A recent Emirates NBD report said the UAE has reported 613 greenfield projects with capital inflows of $5.42 billion in the first half of 2025, setting the stage for another year of success. Beyond the UAE, several countries recorded striking improvements. Malta was the highest climber, jumping 50 places to 33rd, part of a cohort of smaller economies — among them El Salvador, Iceland, Moldova, Kyrgyzstan, Laos and Namibia—whose modest base magnified gains as offerings to foreign investors improved. Qatar's momentum stood out: inbound project numbers almost doubled from 2023, lifting it into the top 15 alongside Bahrain, where inbound FDI projects rose by almost 50%. Canada also surged, climbing 17 places to a record index score of 1.51 on the back of all-time-high inbound volumes. On the other side of the ledger, Uganda was the biggest decliner, dropping 43 places amid a fall in inbound projects and an 8.7% expansion in GDP that diluted its index position. Germany fell 14 spots as macroeconomic headwinds and energy-price shocks weighed on investor sentiment, pushing 2024 project counts to a 10-year low.
Arabian Business
2 days ago
- Arabian Business
Emirates NBD's zero-fee trading hits $1.4bn in first year
Emirates NBD is celebrating one year since the launch of its zero-transaction-fee trading initiative for UAE-listed equities on its award-winning ENBD X digital wealth platform — a move that has boosted market participation and broadened access to local investments. Since its debut on 26 August 2024, the initiative has delivered impressive results: More than 300,000 commission-free trades executed on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), and Nasdaq Dubai AED5bn ($1.36bn) in total trade volume Access to more than 150 UAE-listed equities via the ENBD X app Emirates NBD trading The zero-fee model has attracted a growing base of first-time investors, young professionals, and everyday savers, helping democratise wealth creation and align with the UAE's 'We the UAE 2031' strategy to deepen capital market development and enhance financial inclusion. ENBD X integrates banking, investment, and advisory services into one seamless digital experience, offering real-time trading, instant onboarding, and customisable price alerts for timely market decisions. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said: 'We are pleased to see an outstanding response to the zero-transaction-fee trading initiative that we launched on our digital wealth platforms, accessible via ENBD X. 'One year on, our customers have embraced purposeful investment by investing in local equities. As a leading national bank, we are proud to transform how people invest, by providing an inclusive, accessible, transparent and affordable platform, while also supporting local businesses. 'This has contributed profoundly to the long-term growth of the UAE economy in line with the vision of our wise leadership.' The initiative follows Emirates NBD's earlier launch of fractional bonds on ENBD X, underscoring the bank's commitment to innovation and broadening access to financial markets. By removing barriers to entry, Emirates NBD is positioning ENBD X as a gateway to the UAE's financial future, driving both personal wealth creation and national economic growth.
Gulf Today
2 days ago
- Gulf Today
Emirates NBD's zero-fee local equities trading reports more than Dhs5 billion in customer trades
Emirates NBD is marking a year since the launch of its groundbreaking zero-transaction-fee initiative for trading local equities via its award-winning digital wealth platform, accessible through ENBD X. Launched on 26 August 2024, the offering has significantly increased access to local markets, empowering investors to trade UAE-listed equities commission-free. The impact of the zero-transaction-fee initiative has been significant: • More than 300,000 commission-free trades executed on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai • Strong investor confidence and uptake with Dhs 5 billion in total trade volume • Access to over 150 UAE-listed equities for trade via ENBD X The bank continues to enhance its mobile banking app ENBD X that integrates banking, investment and advisory services into one seamless experience. ENBD X allows customers to conveniently invest in real-time on DFM, ADX and Nasdaq Dubai, offering customisable price alerts functionality. This helps investors to stay updated and respond promptly to market movements and opportunities. Investors experience a fully digital and instantly onboarding process. In addition to boosting economic growth in the country, this initiative aligns with the UAE's 'We the UAE 2031' national strategy to enhance financial inclusion and deepen capital market development. Emirates NBD continues to reinforce the nation's position as an innovative investment hub. Through the zero-transaction-fee initiative, ENBD X is democratising wealth creation by removing barriers to entry and empowering first-time investors, young professionals and everyday savers to build long-term wealth and participate in the UAE's financial future. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said, 'We are pleased to see an outstanding response to the zero-transaction-fee trading initiative that we launched on our digital wealth platforms, accessible via ENBD X. One year on, our customers have embraced purposeful investment by investing in local equities. As a leading national bank, we are proud to transform how people invest, by providing an inclusive, accessible, transparent and affordable platform, while also supporting local businesses. This has contributed profoundly to the long-term growth of the UAE economy in line with the vision of our wise leadership.' In the previous year, Emirates NBD announced the launch of fractional bonds on the ENBD X platform, marking a pivotal moment in its journey towards increasing access to financial markets. WAM
