Latest news with #KYP
Fintech News ME
2 days ago
- Business
- Fintech News ME
Emirates NBD Partners with iPiD for Real-Time Cross-Border Payee Verification
Emirates NBD has entered into a partnership with iPiD, a Singapore-based provider of Know Your Payee (KYP) validation services. The collaboration aims to enhance the bank's cross-border payment processes by enabling real-time beneficiary validation. Through the integration of iPiD's technology, customers will be able to verify payee names, IBANs, and account numbers before initiating a payment. This is expected to reduce the risk of fraud, prevent transaction errors caused by incorrect details, and improve overall efficiency. The move is part of Emirates NBD's wider efforts to strengthen its fraud prevention measures and expand its capacity for payee verification across international markets. Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, said: 'At Emirates NBD we are committed to delivering an exceptional digital experience for our customers, underpinned by robust security and trust. Our partnership with iPiD, bringing global payee verification capabilities to enhance cross-border payments, reinforces this commitment. Together, we are ensuring safer, more efficient digital payments for our customers, domestically or across borders.' Damien Dagauquier, CEO and Co-founder of iPiD, added: 'With our advanced API and validation capabilities, we are empowering institutions like Emirates NBD to proactively combat fraud and deliver seamless payment experiences.'
7 days ago
- Business
Emirates NBD Partners with iPiD for Secure Global Payee Verification
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced its partnership with iPiD, a global Know Your Payee (KYP) validation provider. The collaboration will enable Emirates NBD to provide real-time beneficiary validation for cross-border payments. With this solution, customers can verify payee names, IBANs, and account numbers in real time, before a payment is made. This will help reduce fraud, prevent transaction failures due to inaccurate details, and boost efficiency. By integrating iPiD's solution, Emirates NBD strengthens its fraud prevention strategy while laying the groundwork for scalable payee verification across global markets. This collaboration underscores Emirates NBD's leadership in embracing innovative and advanced technologies to offer a safer banking experience. Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, said: At Emirates NBD we are committed to delivering an exceptional digital experience for our customers, underpinned by robust security and trust. Our partnership with iPiD – bringing global payee verification capabilities to enhance cross-border payments– reinforces this commitment. Together, we are ensuring safer, more efficient digital payments for our customers, domestically or across borders. Damien Dagauquier, CEO & Co-founder at iPiD, said: Our partnership with Emirates NBD marks a significant milestone in our mission to make global payments simpler and safer for everyone. With our advanced API and validation capabilities, we are empowering institutions like Emirates NBD to proactively combat fraud and deliver seamless payment experiences. News Source: Burson Communications
Zawya
28-05-2025
- Business
- Zawya
Emirates NBD partners with iPiD to enhance payment safety with global payee verification
Dubai, United Arab Emirates: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced its partnership with iPiD, a global Know Your Payee (KYP) validation provider. The collaboration will enable Emirates NBD to provide real-time beneficiary validation for cross-border payments. With this solution, customers can verify payee names, IBANs and account numbers in real time, before a payment is made. This will help reduce fraud, prevent transaction failures due to inaccurate details and boost efficiency. By integrating iPiD's solution, Emirates NBD strengthens its fraud prevention strategy while laying the groundwork for scalable payee verification across global markets. This collaboration underscores Emirates NBD's leadership in embracing innovative and advanced technologies to offer a safer banking experience. Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, said: 'At Emirates NBD we are committed to delivering an exceptional digital experience for our customers, underpinned by robust security and trust. Our partnership with iPiD – bringing global payee verification capabilities to enhance cross-border payments– reinforces this commitment. Together, we are ensuring safer, more efficient digital payments for our customers, domestically or across borders.' Damien Dagauquier, CEO & Co-founder at iPiD, said: 'Our partnership with Emirates NBD marks a significant milestone in our mission to make global payments simpler and safer for everyone. With our advanced API and validation capabilities, we are empowering institutions like Emirates NBD to proactively combat fraud and deliver seamless payment experiences.' About Emirates NBD Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water. For further information on Emirates NBD, please contact: Ibrahim Sowaidan Senior Vice President Head - Group Corporate Affairs Emirates NBD e-mail: ibrahims@ Burson Dubai, UAE Email: emiratesnbd@ About iPiD iPiD (International Payee Identity) empowers financial institutions to implement Know Your Payee (KYP) processes globally. By offering a single global API, iPiD simplifies payee verification, mitigates fraud risks, and enhances trust in payment ecosystems worldwide. To learn more about this, visit or contact Adriena Lim, Growth & Brand Director at
Zawya
30-04-2025
- Business
- Zawya
Alfardan Exchange partners with iPiD to launch Qatar's first real-time payee verification service
Qatar - By integrating iPiD Validate, Alfardan Exchange is pioneering a new era of secure, transparent, and fraud-resistant cross-border transfers, setting a new standard for Qatar's exchange industry. Alfardan Exchange, a trusted and leading name in the field of exchange, financial transfers and precious metals in Qatar, has partnered with iPiD to launch the first real-time beneficiary validation solution in the exchange industry in Qatar. By integrating iPiD Validate, Alfardan Exchange is pioneering a new era of secure, transparent, and fraud-resistant cross-border transfers, setting a new standard for Qatar's exchange industry. Through iPiD's global API solution, Alfardan Exchange can now verify payee names and account numbers in real time, before a payment is sent. This advanced Know Your Payee (KYP) solution helps reduce fraud, prevent transaction failures, and deliver peace-of-mind to clients sending money abroad. Bashar al-Waqfi, CEO of Alfardan Exchange, stated: 'Through our partnership with iPiD, we aim to offer a new generation of security and assurance to our clients' remittance experience. 'As the first company in Qatar to launch an instant beneficiary validation service, we take pride in leading the adoption of innovations that bring trust, transparency, and efficiency to every transaction.' He added: 'I would like to extend special thanks to the Qatar Central Bank for its ongoing support of the exchange sector in the country and for issuing regulations that encourage improved service quality and innovation.' Damien Dugauquier, CEO and co-founder of iPiD, added: 'This partnership is a bold step forward for Qatar's payments ecosystem. Alfardan Exchange's leadership in embracing real-time payee verification reflects a shared commitment to building trust, ensuring compliance, and protecting clients across borders. We're proud to support their journey with the most comprehensive verification network globally.' The integration initiative marks a significant milestone for the exchange sector in Qatar. It is currently the only service of its kind available in the country, underscoring Alfardan Exchange's leadership in adopting cutting-edge fintech solutions to simplify transactions and enhance the client's experience. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Doha
Daily Maverick
28-04-2025
- General
- Daily Maverick
Another world is possible — Bob Nameng, the Soul Rebel of Kliptown
Unlike many activists, Bob Nameng had never left his community, despite the ample opportunities that come to someone with his charisma and spirit. He realised that escaping poverty often meant escaping the poor, leaving people to the elements of poverty. For him, people's power was not a slogan, but a mission that could be practised every day. 'The father of Kliptown', Soweto, Bob Nameng (1 July 1970-19 April 2025), is no more. Bob died at his home, on the rutted, potholed street opposite the unguarded railway line and a few minutes' walk from the dilapidated house that was once the home of Charlotte Maxeke. Bob Nameng was a giant, perhaps the true inheritor of the spirit and values that had animated the gathering in Kliptown Square in 1955 that drew up the Freedom Charter. Bob's full history must be recovered by a historian, and I'm sorry it didn't happen when he was alive. The little I know is that his adoptive mother was Auntie Eva Mokoka, the famous people's nurse and 'lady of the lamp' of Kliptown, and that Bob attributed his ethics and values to her presence in his life. His other ever-present inspiration was Bob Marley, who he constantly quoted and whose life and practices he emulated, although for health reasons he stopped smoking the weed two years ago. The last time I spoke to Bob was on Marley's 80th birthday on 6 February to discuss recording a podcast about how Marley's songs of freedom had influenced a generation of activists. I was thinking of bringing together Bob, Charles Leonard, Robert McBride and Andrew Kasrils. Sadly, it was not to be. Rat race I got to know Bob properly in 2024. We were introduced because of his lifetime of community activism, particularly inspiring and uplifting children, and our shared love of Bob Marley. The first time I entered his house, on Union Avenue, it was like entering a magical grotto, adorned with murals, Bob Marley regalia, rastafarian colours and the bric-a-brac of everyday life. Bob's garage-cum-living room was an open community space, where elders and children always gathered to eat, to talk and for his weekly Sunday school. Bob's memorial on 24 April was held at the Kliptown Youth Programme (KYP), an offshoot of Soweto Kliptown Youth (SKY), the organisation Bob had created many years ago. It was packed to the rafters with community members. KYP is itself a wonder. A compact educational campus, situated in the middle of the informal settlement, providing daily after-school lessons to nearly a thousand children from the surrounding community. It also doubles up as a food kitchen, computer centre, library and community venue. The people who run it are alumni of the school of Nameng. Under a banner with a picture of Bob and a slogan proclaiming 'in an abundance of water the fool is thirsty', part of the lyrics of Marley's song, Rat Race, speaker after speaker recounted how he had put them on paths to success. I watched the rapturous dance and song of young graduates of SKY. I felt his spirit. I could see him in different people. It felt like a family reunion. Bob had literally grown this community. Through a mixture of conversation, sport, inspiration, he had helped young people mired in poverty to find the riches in themselves. Preaching love. The two Bob's philosophies are that while poverty and inequality is imposed from without, it is possible to find dignity and possibility within. 'In an abundance of water the fool is thirsty' means just that. But I also decided that the lyric is a criticism of greed: when there's enough for everyone, why do the elites manufacture scarcity by wanting to own it all themselves? At the memorial, regardless of the surrounding poverty, indignity and squalour, a strong spirit of social cohesion and resilience pervaded the hall. One young man talked of how Bob had helped him escape his drug addiction. A young actor declared that although he has escaped the ghetto, he is still 'Proudly Kliptown.' A gogo dressed in religious robes told me how Bob had helped overcome her trauma of rape as I child. Another how she had started a foundation, 'empowered by bab Bob, named Botswalle – the Sisterhood Youth Foundation.' I realised that the connection Bob had established with me was not unique. It was something he shared with anyone who sought his friendship or counsel. 'Never let a politician Grant you a favour He will always want to Control you forever' — Marley For all of his adult life, Bob lived in Kliptown, but his reputation travelled much further. Occasionally, he ventured overseas, accepting invitations to give TED talks and other speeches. However, unlike many activists, Bob had never left his community, despite the ample opportunities that come to someone with his charisma and spirit. He realised that escaping poverty also means escaping the poor and leaving people alone to the elements of poverty. For him, 'power to the people' was not a slogan, but a mission that could be practised every day. Based on what he saw of the abandonment of the people of Kliptown by the government and the ANC, he was deeply sceptical of party politics and politicians. Last year, in the run-up to the general election, Bob preached about the need for a new politics, based on honesty, integrity and community service. But while he was open to new parties like Change Starts Now and Rise Mzansi, he left the practice of politics and its easy rhetoric to others. Bob lived in the community, and the community lived in Bob. As one speaker said, 'Bob didn't die, he multiplied'. In the world after Nameng, my hope is that those he knew and inspired will pick up his message and continue his quest for dignity and equality for Kliptown. DM
