Emirates NBD Partners with iPiD for Secure Global Payee Verification
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
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
16 hours ago
- Khaleej Times
Dubai leads gains in GCC equities in July with almost 8% surge
Dubai continued to outperform other GCC stock markets in July, according to a report published on Sunday. According to Kamco Invest's GCC Markets Monthly Report, the DFM General Index posted its fourth consecutive monthly gain, rising 7.9 per cent to close at 6,159.2 points—marking the strongest monthly performance across the region. This rally pushed the index's year-to-date (YTD) return to 19.4 per cent, the highest among GCC markets in 2025. Sector performance was broadly positive, with five out of eight sector indices recording gains. The Financials Index led the charge, surging 12.1 per cent, followed by Real Estate (+11.7 per cent) and Industrials (+6.9 per cent). The Financials Index was buoyed by double-digit share price increases in major players such as Commercial Bank of Dubai (+20.1 per cent) and Emirates NBD (+17.3 per cent). Conversely, the Consumer Discretionary Index fell 4.2 per cent, the steepest decline among sectors. Bloomberg's monthly stock performance data highlighted Ekttitab Holding Company as the top gainer, soaring 43.2 per cent in July. United Foods Co and Commercial Bank of Dubai followed with gains of 21.5 per cent and 20.1 per cent, respectively. On the downside, International Financial Advisors led the decliners with a 9.2 per cent drop, while National General Insurance and Dubai Refreshments Company fell 8.1 per cent and 7.6 per cent, respectively. Trading activity also picked up momentum. Total share volume rose 7.4 per cent to 7.5 billion shares, up from 7.0 billion in June. The value of shares traded increased 10.7 per cent to Dh16.7 billion. Union Properties led in trading volume with 1.2 billion shares exchanged, followed by Drake & Skull International (836.3 million) and Deyaar Development (669.7 million). In terms of value, Emaar Properties topped the chart with Dh3.6 billion in trades, followed by Dubai Islamic Bank (Dh1.5 billion) and Emirates NBD (Dh1.2 billion). Abu Dhabi maintains upward momentum The FTSE ADX Index in Abu Dhabi also recorded its fourth straight monthly gain, rising 4.1 per cent in July after a 2.8 per cent increase in June. The index closed at 10,370.66 points, bringing its YTD gain to 10.1 per cent. Seven out of ten sector indices posted gains, with Health Care, Financials, and Real Estate driving the overall growth. The Health Care Index led with an 11.0 per cent rise, closing at 2,162.1 points, supported by gains across all four constituent companies—most notably PureHealth, which jumped 11.9 per cent. The Real Estate Index climbed 7.0 per cent to 14,115.3 points, bolstered by price increases in all five companies, including a 20.2 per cent surge in Al Khaleej Investment Co. Meanwhile, the Utilities Index saw the sharpest decline, falling 4.6 per cent. Regional overview Across the region, GCC markets continued to rise in July, driven by optimism around Q2 earnings. The MSCI GCC Index posted a 2.2 per cent gain, its second consecutive monthly increase, with broad-based contributions from all exchanges. On a YTD basis, the index was up 3.7 per cent, reflecting positive momentum across most markets—except Saudi Arabia and Bahrain, which declined by 9.3 per cent and 1.5 per cent, respectively.
Al Etihad
2 days ago
- Al Etihad
Abu Dhabi attracted $596 million in greenfield FDI in H1 2025: Emirates NBD Report
2 Aug 2025 12:42 A. SREENIVASA REDDY (ABU DHABI)Abu Dhabi attracted 42 greenfield Foreign Direct Investment (FDI) projects worth $595.8 million in the first half of 2025, while the UAE as a whole registered 613 greenfield projects drawing capital inflows of $5.42 billion, according to a research report released by Emirates capital's FDI performance complements broader national trends, with Dubai continuing to lead the pack, attracting 526 projects valued at $3.03 billion. Sharjah came in second with 24 projects worth $1.47 billion—remarkable for the high average project size—followed by Ras Al Khaimah (RAK), which drew six projects totalling $188.6 million.A significant component of the UAE's FDI momentum is the establishment of 34 new regional headquarters, representing a combined investment of $386.1 report said this 'underscores the UAE's growing importance as a regional business hub', as more multinational corporations view the UAE as a launchpad for operations across the Middle East and beyond.'In H1 2025, the convergence of technology and sustainability emerged as a key investment theme,' Emirates NBD noted in its communications sector—particularly data centres and AI infrastructure—garnered $359.5 million across 16 projects. Notable developments include Microsoft's partnership with Core42, a G42 subsidiary, to build sovereign cloud and AI infrastructure aligned with Abu Dhabi's 2025–2027 strategy to become the world's first AI-native May, G42 announced Stargate UAE, a 5GW AI data centre campus involving global technology heavyweights such as OpenAI, Nvidia, Cisco, SoftBank, and Oracle. The first phase, comprising 200MW, is scheduled for delivery by zones accounted for $1.62 billion—or nearly 30%—of total FDI inflows in H1 2025, despite hosting just 17.5% of total projects. This reveals their attractiveness for large-scale the charge was Jebel Ali Free Zone with $474.1 million in investments, followed by Dubai South with $280.9 million, Al Hamra Industrial Zone ($127.1 million), and Dubai Industrial City ($114.4 million). Dubai International Financial Centre attracted $89 million in financial services projects.'This concentration of high-value investments underscores free zones' appeal for capital-intensive operations,' the Emirates NBD report said.'Free zones' 100% foreign ownership, tax exemptions, streamlined licensing, and world-class infrastructure continue to prove particularly attractive for manufacturing, technology, and logistics sectors,' the report business services led in project count with 183 projects, primarily in professional services, consulting, and waste management. Software and IT services followed with 108 projects, while financial services recorded 65. Transportation and warehousing secured 42, and industrial equipment attracted 39 the real estate sector saw only 29 greenfield FDI projects in H1 2025, it led in capital investment, drawing $1.05 billion—largely driven by a $953 million mixed-use development in Sharjah by Kuwait Real Estate Company and IFA Hotels. Other notable investments included a $346.6 million polyethylene film recycling plant in Sharjah by Italy's Greenthesis Group and the UAE's BEEAH, and a $127.1 million adhesives facility by H.B. Fuller in RAK's Al Hamra Industrial activities attracted $1.06 billion in FDI across just 22 projects, indicating a strategic focus on high-value sectors such as automotive, chemicals, and advanced materials. Construction projects, limited to just three, drew a significant $1.12 report also noted strong activity in sales and marketing operations, which accounted for 217 projects with comparatively modest capital inflows of $500 UK emerged as the leading source of greenfield FDI projects in H1 2025 with 120 projects, followed closely by India with 101 and the US with 94. However, in terms of capital investment value, Kuwait led with $955.7 million from just three projects—almost entirely driven by the $953 million investment by Kuwait Real Estate Company in Sharjah project. The US ranked second with $889.5 million, while India came third with $677.9 million. China contributed $413.2 million across 16 projects, and Italy invested $387.6 million through 18 projects. Source: Aletihad - Abu Dhabi
Zawya
3 days ago
- Zawya
India to invite financial bids for IDBI Bank stake sale in Oct-Dec, official says
India has completed due diligence for the stake sale of IDBI Bank and plans to invite financial bids between October and December, the country's divestment secretary said on Friday. A successful bidder will be announced by the end of March 2026, said Arunish Chawla, Department of Investment and Public Asset Management Secretary. Banking sector deals in India, especially those involving foreign entities, are rare. A full takeover of troubled Indian lender Lakshmi Vilas Bank by Singapore-based DBS Group in a regulatory-driven transaction in 2020 was the last major deal. The sale of a majority stake in IDBI Bank has been seen as a first step towards privatising state-run banks. The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender. The sale process was first announced in 2022. Reuters has reported that interested buyers include Emirates NBD and Canadian billionaire Prem Watsa.
