United Arab Bank joins UAE Trade Connect to combat fraud


United Arab Bank (UAB) has announced that it has joined UAE Trade Connect (UTC) as an official member.

UTC, the fintech blockchain platform of e& enterprise, is the UAE's first commercialised solution to combat fraud in the trade finance space built on advanced technologies, namely blockchain and Artificial Intelligence (AI). UTC is a collaborative project of the banking industry and co-created with e& enterprise. UAE Trade Connect is a cloud-native solution that detects suspicious transactions, prevents fraud and duplication, and supports a wide range of trade-related documents that is validated and inspected in real time.


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Posted on Feb 7, 2023
Region: UAE
Fraud Prevention
trade receivables, fraud, UAB, UTC, Shirish Bhide, Zulqarnain Javaid, digitalisation, blockchain