Krishnakumar Duraiswamy, Head of Trade Finance at Abu Dhabi Commercial Bank talks to Global Finance at the Digital Banks & Innovators conference in Dubai.
Abu Dhabi Commercial Bank (ADCB) has digitised trade finance for its customers using the Singapore-based dltledgers Blockchain platform. ADCB is the first bank in UAE to run the end-to-end Blockchain trade finance transaction with full document automation through the dltledgers platform, offering corporate customers greater confidentiality, the ability to keep a closer tab on the flow of the goods and documentation, faster turnaround, and enhanced fraud prevention.
