Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Tรผrkiye) region, has entered into a strategic agreement with Partior to explore participation in their blockchain-based platform for clearing and settlement, a collaboration that will offer Emirates NBDโs clients 24×7 availability, and faster, more seamless payment flows.
According to Industry sources, as part of the partnership, Emirates NBD will join the Partior network, becoming the first regional and UAE Dirham, Saudi Riyal, and Indian Rupee settlement bank on the platform. In addition, Emirates NBD is looking to serve as a participating bank for major foreign currencies, in a move that bolsters its client offerings to provide real-time payments.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, commented, โOur partnership with Partior is a critical element of our broader strategy to embrace new technologies in an ever-evolving digital landscape. Our commitment to innovation is driven by the need to ensure we provide our clients with the most advanced financial solutions. By leveraging Partiorโs transformative blockchain technology, we are not only future-proofing our operations but also creating a seamless payment infrastructure that supports the rapidly evolving business needs of our clients.โ
Neeraj Makin, Group Head of Strategy – Analytics and Venture Capital at Emirates NBD, stated: โThe investment from Emirates NBDโs Innovation Fund represents an important moment in Partiorโs journey as a leader in next-generation payments infrastructure. It underscores our belief in blockchainโs transformative potential for financial services, particularly in cross-border transactions. What is truly exciting about this investment is the opportunity it creates for cross-market collaboration and the development of a seamless cross-currency payments ecosystem. This will enhance transparency and reduce friction for businesses and clients alike.โ
Humphrey Valenbreder, Chief Executive Officer at Partior, stated: โThis collaboration positions Emirates NBD as Partiorโs gateway to the vibrant MENAT region, aligning with our strategic roadmap to expand in the Middle East. By integrating our blockchain capabilities with Emirates NBDโs trusted network, we are not only strengthening our operational capabilities but also reinforcing our shared commitment of elevating the efficiency and security of cross-border transactions to drive economic growth and innovation across the region.โ
Industry sources further confirmed that Emirates NBD is also evaluating an equity investment in Partior, a move that would represent a strategic alignment within the financial ecosystem focused on redefining the future of global value exchange. By integrating with Partiorโs blockchain-based unified ledger platform, the bank will enhance transparency, efficiency, and security in the global payments and settlement processes.ย
