Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has entered into a partnership with iPiD, a premier Know Your Payee (KYP) validation provider, to offer a safer banking experience to its customers.
Under the partnership, Emirates NBD will provide real-time beneficiary validation for cross-border payments, enabling customers to verify payee names, IBANs and account numbers in real time, before a payment is carried out. This initiative aims to minimize fraud, prevent transaction failures due to inaccurate details and enhance efficiency.
With the integration of iPiD’s cutting-edge solution, Emirates NBD enhances its fraud prevention strategy while establishing the foundation for scalable payee verification across global markets.
This collaboration also highlights Emirates NBD’s commitment to adopting innovative and advanced technologies to ensure an enhanced and safer banking experience.
Anith Daniel Group Head of Transaction Banking Services – Emirates NBD
“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, added that, “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.”
