Dubai - Mubasher: Emirates NBD, a Dubai-based leading bank in the region, announced the launch of smartTRADE portal as part of the bank’s smartBUSINESS channel to serve supply chain and trade finance customers.
Through smartTRADE, Emirates NBD Transaction Banking clients can submit all trade requests online including letters of credit, guarantees, and trade loan requests, avoiding paper-dependent processes, according to a press release.
This comes as part of the bank’s ongoing AED 1 billion digital transformation strategy aiming to digitise operations, products, and services to improve the bank’s market-leading proposition for corporate and retail clients.
The new portal will provide clients with real-time update on the status of their transactions via email and SMS notifications, Emirates NBD said.
Sumit Aggarwal, Executive Vice President and Group Head – Transaction Banking Services (TBS), Emirates NBD, said: “Emirates NBD’s smartTRADE will further consolidate our standing as the transaction banking partner of choice for all trade finance requirements in the UAE.”
“The upgrades to the platform will further enhance our proposition to Transaction Banking clients, allowing them to conduct all trade finance transactions from the convenience of their home or office, without having to visit a branch,” Aggarwal added.
Emirates NBD’s Transaction Banking division has been offering clients a number of integrated products and advisory services to bolster working capital requirements and maximise business opportunities to support the bank.
