Unveiling a new approach, Emirates NBD is now digitally enabled to manage trade documents seamlessly through our trace: original platform.
This innovative solution ensures authenticity of trade documents, facilitates transfers of document ownership electronically and enhances the efficiency of trade transactions in a secure manner.
- Reduced Counterparty Risk: Digitally verifiable trade documents mitigate counterparty risk by ensuring authenticity and integrity of trade finance documents such as Bills of Exchange, Promissory Notes, Bills of Lading etc.
- Better Efficiency and Productivity: Reduced processing time through digital creation and transmission enables customers to improve overall efficiency.
- Improved Trust and Financing: Digital trade documents mitigate the risk of fraud leading to increased acceptance facilitating smoother trade finance transactions.
"This collaboration enhances customer satisfaction by digitizing trade finance documents, it also reinforces our commitment to sustainability. Our clients will benefit from faster, more secure transactions, while we contribute to a greener future" Anith Daniel, Group Head of Transaction Banking Services
“This move by Emirates NBD marks a strategic shift for trade finance banks in the Middle East region who are ready to provide their clients with fast, trustworthy, verifiable and traceable digital original trade documents. Current use cases include Bills of Exchange, Promissory Notes, Bills of Lading, and Bank Guarantees,” says Aneel Sabir, Director MENA, Enigio.
Key Benefits of trace:original
- Faster Processing: Electronic documents improve operational efficiency ensuring faster, more secure transactions.
- Open solution: No subscription or onboarding needed to receive, prove possession or manage trace:original documents.
- Zero cost for document recipients: Free to receive and transfer documents to any party.
- Sustainability: Contributes to a greener future by eliminating paper and couriers.