Emirates NBD has announced that Chainalysis will join its Digital Asset Lab Council. This move highlights the bank’s dedication to leading digital finance advancements across the Middle East, North Africa, and Türkiye.
Chainalysis, a respected expert in blockchain analysis and compliance, will join other esteemed partners such as PwC, Fireblocks, and R3 as a founding council member of the Lab.
By incorporating Chainalysis into the Digital Asset Lab, Emirates NBD is poised to enhance its innovative efforts in developing compliant and secure financial products and services. This strategic move, leveraging Chainalysis’ analytical expertise, aims to identify market trends, effectively meet customer needs, and elevate the integrity of its digital asset ventures, promising a brighter future for digital finance.
Miguel Rio Tinto, Emirates NBD’s Group Chief Digital and Information Officer, expressed his pride in the bank’s partnership with Chainalysis, underlining their shared commitment to introducing new solutions in the financial sector, a commitment that is sure to inspire further innovation.
Rio Tinto highlighted the role of this partnership in promoting an open and trustworthy digital finance environment, which will help enhance customer trust and confidence in Emirates NBD’s digital offerings.
Nicola Buonanno, the VP of Southern EMEA at Chainalysis, shared a similar view, emphasizing how important financial institutions are in shaping the future of digital assets, stressing the need for secure and reliable avenues for investor engagement, and highlighting Chainalysis’s commitment to working with Emirates NBD to offer safe and transparent digital asset services.
The Digital Asset Lab was introduced at the Dubai FinTech Summit in May 2023, and it shows Emirates NBD’s proactive approach to accelerating digital asset and financial services innovation in the UAE. The bank has assembled a robust platform that includes industry experts. The aim is to foster innovative financial services ideas that use digital assets and underlying technologies. With a focus on digital assets, the Lab aims to leverage underlying technologies effectively, empowering customers to find the financial services they need in the fast-moving digital asset landscape.
Emirates NBD’s strategic partnership with Chainalysis is a significant step towards pioneering advancements in digital finance. It reaffirms the bank’s position as a trailblazer in financial innovation in the MENAT region.