Emirates NBD has announced its strategic decision to join Kinexys Liink, the world’s first bank-led peer-to-peer data sharing network, from Kinexys by JP Morgan.
Through integrating with Kinexys Liink’s ‘Confirm’ Application, designed for the exchange of global account validation information, Emirates NBD aims to enhance cross-border payments security for participants on the Kinexys Liink network, according to a press statement.
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).
Kinexys Liink is offered by Kinexys by JP Morgan, the firm’s blockchain business unit focused on groundbreaking innovation to build the next generation of financial infrastructure utilising blockchain technology.
Collaboration
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.
“By leveraging a blockchain network infrastructure such as the one from Kinexys by JP Morgan, we are able to provide real value to banks on the network, ensuring advanced payment security and streamlined operations,” commented Anith Daniel, Group Head of Transaction Banking Services, Emirates NBD.
“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,” remarked Naveen Mallela, Global Co-Head, Kinexys by JP Morgan.
