New High Tech Emirates NBD Branch at Emirates Towers. Emirates NBD’s corporate and institutional banking sector reports that more than 96 percent of the bank’s digital platforms are relying on digital banking.
Image Credit Catch AK Kallouche / Gulf News

Dubai :: Emirates NBD’s corporate and institutional banking sector has increased its digital banking options among its customers, more than 96% of all transactions rely on the bank’s digital platforms and more than 99% of their payments are digitally processed. Starting September 2021.

The Bank, which continues to focus on technology-led corporate banking solutions, has seen a 40 percent increase in customer turnover in the first nine months of 2021 compared to the same period in 2019. .

Emirates NBC Corporate Digital Banking Platform Business Online is designed to simplify work capital management, streamline complex operations, and provide companies with a single view of all their markets, financial transactions, accounts and activities. The Bank has recently upgraded its digital banking suite to services such as virtual accounts, liquid management, API banking and digital supply chain finance, enabling businesses to streamline cash flows and respond to rapid changes in the macro landscape.

“By encouraging, advising and supporting our customers at this stage of change, we have made the transition as flawless and enjoyable as possible. With the support of our internal teams and technology partners, we will continue to digitalize corporate banking from end to end. “We look forward to supporting the country’s efforts towards digitalization,” said Ahmed al-Qasim, senior vice president and head of corporate and institutional affairs.

Digital Business Finance

The bank has shown overall growth in digital TRADE’s financial platform Smart TRADE. Due to the fact that their customers prefer to use digital channels rather than branch counters for business finance, the number of business requests received by the forum has increased by 2.5 times during the same period. A.D. In 2020, the bank launched a market-leading solution for digitalization of internal securities using robotics processing applications and machine learning, enabling multiple government customers to manage 100% of their internal security digitally using Smart TRADE, which eliminates paper usage and drives direct processing.

Emirates NBD was the first in the region to host digital providers in the digital supply chain platform – smartSCF. With the recent increase in discounts on SmartSCF, Emirates NBD is the first United Arab Emirates Bank to offer a bid for a subscription to a registered company.

Anit Danel, Head of Marketing Banking Services, Emirates NBD Corporation and Institutional Banking Services, said: