ENBD, Ccrman­ager to strengthen dig­i­tal bank­ing

The Gulf Today - Business - - UAE -

DUBAI: Emi­rates NBD (ENBD), a lead­ing bank in the re­gion on Wed­nes­day an­nounced that it has joined the rapidly grow­ing com­mu­nity of mem­bers on Ccrman­ager, A in­tech plat­form sup­port­ing THE orig­i­na­tion and distri­bu­tion of trade as­sets. This an­nounce­ment is aligned to Emi­rates NBD’S dig­i­tal strat­egy as the bank con­tin­ues to lead in­no­va­tion in dig­i­tal bank­ing in the re­gion and ac­tively par­tic­i­pate In THE in­tech Ecosys­tem.

Launched in 2017, CCRMAN- AGER Is A DIG­I­TAL TRADE inance plat­form that con­nects var­i­ous Banks and Fi­nan­cial In­sti­tu­tions to orig­i­nate and dis­trib­ute trade as­sets. Count­ing Al­most 40 Global inan­cial in­sti­tu­tions mem­bers across 17 coun­tries, the web-based plat­form was de­vel­oped col­lab­o­ra­tively with LEAD­ING TRADE inance In­sti­tu­tions glob­ally and will en­able banks in the Mid­dle East to man­age their cap­i­tal, credit, and liq­uid­ity needs more ef­fec­tively.

Su­mit Ag­gar­wal, EVP and Head of Trans­ac­tion Bank­ing, Emi­rates NBD said, “We con­tinue to lever­age dig­i­tal bank­ing so­lu­tions and ARE PLEASED to BE THE irst Bank In the re­gion to join Ccrman­ager. This will strengthen our com­pet­i­tive edge and en­hance the bank’s orig­i­na­tion and distri­bu­tion ca­pa­bil­i­ties. Part­ner­ing with Global in­tech En­ter­prises such As Ccrman­ager en­ables us to pro­vide a unique propo­si­tion to cus­tomers to support THEIR TRADE lows Across var­i­ous ge­ograhies and get eas­ier ac­cess to liq­uid­ity. I look for­ward to do­ing more with the com­mu­nity on Ccrman­ager.”

Emi­rates NBD cur­rently has pres­ence across key in­ter­na­tional trade cor­ri­dors from the Mid­dle East and North Africa (UAE, Egypt and KSA) across to Asia (Sin­ga­pore, China, Indonesia and In­dia) and the UK (Lon­don).

Tan Kah Chye, Ex­ec­u­tive Chair­man and Founder of Ccrman­ager said, “We are delighted by the conIDENCE that Emi­rates NBD HAS placed in Ccrman­ager. The bank has been recog­nised glob­ally for its lead­er­ship in fos­ter­ing in­no­va­tion. This is also in our DNA and we look for­ward to work­ing closely with Emi­rates NBD and other banks in the re­gion to rapidly de­velop and launch new ca­pa­bil­i­ties that will de­liver true value.”

Of­fi­cials dur­ing the event.

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