Dubai – Mubasher: Emirates NBD has launched a digital Supply Chain Financing platform for its corporate and institutional clients to facilitate their supply chain collaborations.
As part of the bank's digitisation strategy, smartSCF platform has a number of automated tools that will enable the banks' clients to manage working capital and decrease transaction costs, according to a press release on Monday.
Meanwhile, the clients' suppliers will benefit from the early payment of their invoices without the need for collateral.
The platform includes the first-of-its-kind digital supplier onboarding tool kit and enhanced data analytics tools, including interactive dashboards and customised reports.
The Senior Executive Vice President and Group Head, Corporate, and Institutional Banking at Emirates NBD, Ahmed Al Qassim, said: "As the country’s preferred corporate bank, we have gained in reputation as trusted providers of smart, innovative solutions that enhance the ease of doing business and support the UAE’s drive towards digitisation in all aspects of business."
