INTELLIGENT BRANDS // Software for Business
POWERED BY
Emirates NBD Transaction
Banking boosts Dubai Department
of Finance’s digitisation strategy
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DoF to fully automate
payments through
Emirates NBD
smartBUSINESS
Connect solution.
Third from left: Ahmed Al Qassim and Jamal
Hamed Al Marri with other Emirates NBD
and DoF officials
E
mirates NBD, a leading bank in the
region, has announced the successful
implementation of a digitised
payment solution for the Dubai Department
of Finance (DoF) to achieve full Host-to-Host
(H2H) integration of all payment processes
through the bank’s smartBUSINESS
Connect solution.
Executive Council,” said Jamal Hamed Al
Marri, Executive Director of Central Accounts
Sector at DoF.
“Our fruitful co-operation with Emirates
NBD is aimed at reducing the burden and
workload on employees, saving on financial
resources and reducing paper waste, as well
as enhancing security and speed of work. We
are keen to continue looking at advancing
our relationship with the bank in the future.”
Implemented by the bank’s transaction
banking unit, the integration will ensure
seamless and secured messaging between
the two organisations for day-to-day
banking operations, helping DoF save time,
costs and resources.
This ecosystem will provide both parties with
real-time data on transactions, saving big
quantities of paper on an annual basis, in
line with Dubai Paperless Strategy 2021.
Emirates NBD’s smartBUSINESS Connect
supports high volume transactions with
assured data exchange, providing data
for reconciliation as per industry standard
formats. Through smartBUSINESS Connect,
DoF will be able to conduct automated
and secured outgoing payments with
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INTELLIGENTCIO
simultaneous transfer of payment data
and approvals.
“In line with the vision of the wise leadership
to transform the Government of Dubai into
a fully smart model, DoF has gone a long
way in achieving full electronic connectivity
with banks, under the Dubai Paperless
Strategy launched by Sheikh Hamdan
bin Mohammed bin Rashid Al Maktoum,
Crown Prince of Dubai and Chairman of the
Ahmed Al Qassim, Executive Vice President,
General Manager of Corporate Banking
at Emirates NBD, said: “Emirates NBD is
at the forefront of driving technologies to
digitise clients’ processes, bringing greater
efficiencies in their day-to-day operations
and making banking smoother, faster and
more secure.
“We were delighted to support DoF in this
critical project that reflects our commitment
to enabling the leadership’s Smart
Dubai agenda of a paperless economy.
Emirates NBD looks forward to future such
collaborations with public and private sector
clients to transform this vision into reality.” n
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