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NBAD: First Middle East Bank to use Ripple for cross-border payments

NBAD: First Middle East Bank to use Ripple for cross-border payments

Ramana Kumar, Managing Director & Head of GTB Business and Product Management, said: “At NBAD we strive to ensure our offerings are efficient and transparent. Blockchain technology transforms and paves a new way in achieving our goals and better serve our customers, adding value through accessibility and transparency. As an initial adopter and first bank to go live on Ripple, NBAD offers innovative solutions to our clients payments needs.”

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INTIX helps financial institutions and/or their corporate clients to increase visibility, reporting and tracking of all payment instruments such as SWIFT payment, Ripple payments, domestic payments, … as well as other types of transactions.