As part of its ongoing AED 1 billion ($272 million) digital transformation journey (DX), Emirates NBD, a leading banking group in the MENAT (Middle East,\u00a0North Africa\u00a0and\u00a0Turkey) region,\u00a0is continuing to significantly enhance its payments innovation and speed through the global implementation of its Enterprise Payment Hub.<\/p>\n\n\n\n
The Enterprise Payment Hub provides full scalability to rapidly launch new and existing payment innovations across all Emirates NBD markets and entities. After initial rollout in\u00a0Singapore\u00a0in\u00a0September 2019, the\u00a0multi-entity, multi-currency payment platform is now fully operational across most Emirates NBD entities and markets, including for\u00a0customers across the\u00a0United Arab Emirates,\u00a0India,\u00a0London\u00a0and\u00a0Egypt, and for all Emirates Islamic customers.<\/p>\n\n\n\n
For the first time, Emirates NBD will have a 360-view of customer payments across all Group entities and countries. More importantly, it will allow the bank to provide its customers an improved end-to-end tracking visibility on the status of a payment transaction through gpi (Global Payment Initiative) integration. Operational cost and efficiency benefits will also be realized with the new payment platform replacing multiple legacy payment engines, identifying the shortest payment processing route and enabling Straight Through Processing for an instant, seamless payment experience.\u00a0<\/p>\n\n\n\n
Abdulla Qassem, Group Chief Operating Officer at Emirates NBD<\/strong>\u00a0said, \u201cEmirates NBD is pleased to mark another milestone in its long-term digital transformation strategy. With new technology, growing competition and evolving customer expectations, the\u00a0way customers make payments is changing faster than any other part of financial services. Our\u00a0new Enterprise Payment Hub, now\u00a0fully operational across most Emirates NBD markets and entities, strongly positions us\u00a0to offer our customers the most innovative real-time payment solutions as they emerge. The new platform\u00a0enables Emirates NBD to rapidly deploy customised\u00a0payments services in line with our commitment to simplifying everyday banking and creating rewarding customer journeys.\u201d<\/p>\n\n\n\n Emirates NBD\u2019s Enterprise Payment Hub is powered by TCS BaNCS payments solution, which is\u00a0designed on ISO20022-based data and process models and includes features like real-time payments and open APIs.<\/p>\n","protected":false},"excerpt":{"rendered":" As part of its ongoing AED 1 billion ($272 million) digital transformation journey (DX), Emirates NBD, a leading banking group in the MENAT (Middle East,\u00a0North Africa\u00a0and\u00a0Turkey) region,\u00a0is continuing to significantly enhance its payments innovation and speed through the global implementation of its Enterprise Payment Hub. The Enterprise Payment Hub provides full scalability to rapidly launch […]<\/p>\n","protected":false},"author":1,"featured_media":7985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2-150x128.jpg",150,128,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2-300x96.jpg",300,96,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",400,128,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-2.jpg",100,32,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"As part of its ongoing AED 1 billion ($272 million) digital transformation journey (DX), Emirates NBD, a leading banking group in the MENAT (Middle East,\u00a0North Africa\u00a0and\u00a0Turkey) region,\u00a0is continuing to significantly enhance its payments innovation and speed through the global implementation of its Enterprise Payment Hub. The Enterprise Payment Hub provides full scalability to rapidly launch…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/7984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=7984"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/7984\/revisions"}],"predecessor-version":[{"id":7986,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/7984\/revisions\/7986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/7985"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=7984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=7984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=7984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}