Emirates NBD, a prominent banking group in the Middle East, North Africa, and Türkiye region, has entered into a partnership with iPiD. This collaboration aims to enhance payment safety through real-time beneficiary validation for cross-border transactions. The integration of iPiD’s Know Your Payee (KYP) solution will allow Emirates NBD customers to verify payee names, IBANs, and account numbers before making payments. This initiative is expected to reduce fraud, prevent transaction failures due to inaccurate details, and improve efficiency.
By adopting iPiD’s technology, Emirates NBD is strengthening its fraud prevention strategy while preparing for scalable payee verification across global markets. This partnership highlights Emirates NBD’s commitment to embracing advanced technologies for a safer banking experience.
Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, commented on the partnership: “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, remarked: “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.”
