Emirates Bank Fights Fraud with Blockchain

Announcements, Blockchain, FinTech | March 31, 2017 By:

Banking group Emirates National Bank of Dubai (NBD) has teamed with the Central Bank of the United Arab Emirates on a blockchain project intended to combat bank check fraud.

“We are currently working with the central bank of the UAE to add the blockchain security feature to our paper checks so we can prove that the technology is fit for purpose at production volumes,” said Emirates NBD CFO Ali Sajwani.

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