Emirates NBD digitises payments processes for Dubai Department of Finance
Emirates NBD has announced the implementation of a digitised payment solution for Dubai Department of Finance (DoF) to achieve full Host-to-Host (H2H) integration of all payment processes through the bank’s smartBUSINESS Connect solution.
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 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 simultaneous transfer of payment data and approvals.