Emirates NBD chooses Partior Blockchain for clearing and settlements
Emirates NBD, a banking group in the Middle East, North Africa and Türkiye (MENAT) region, is live on the Blockchain clearing and settlement network Partior becoming the first financial institution in the Middle East to enable real-time, blockchain-based cross-border payments on Partior’s infrastructure.
The Bank in 2024 announced that it would be partnering with Partior for seamless payments.
As per the press release, Emirates NBD continues to build its payments network using technologies that deliver competitive advantage to its clients. These include improved faster settlements and greater payment transparency, reflecting a significant step in cross-border payments infrastructure.
Following a successful live USD transaction, where J.P. Morgan acted as both the settlement and beneficiary bank, Emirates NBD is now enabling real-time USD payments for its corporate and institutional clients, with beneficiary accounts held at J.P. Morgan.
The achievement is a direct outcome of Emirates NBD’s strategic partnership and investment in Partior.
Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, explained that the implementation is a direct result of the needs of their corporate and institutional clients. He adds, ” Moving from partnership to live execution on the Partior network enables us to offer faster USD settlement for J.P. Morgan beneficiaries, supporting more efficient treasury operations for our clients. This launch reflects our ability to deploy payment solutions that are secure, scalable and proven in live cross-border execution with global counterparties.”
The development comes as financial institutions globally are increasingly adopting blockchain-based settlement infrastructure to reduce friction, improve payment transparency and accelerate cross-border capital flows.
Humphrey Valenbreder, Chief Executive Officer at Partior, commented that the company is combining Emirates NBD’s regional strength with their blockchain clearing and settlement offering for efficient global payments. He explains, ” This gives institutions greater speed and transparency in how transactions are processed. The focus now is on expanding participation across currencies and markets as more banks connect and transact on the network.”
Looking ahead, Emirates NBD is advancing towards connecting with other banks across various currencies on the Partior network, further strengthening its payments offering through faster settlement and shorter turnaround times for its clients through programmable liquidity management.
