This week Dubai-based National Bank of Fujairah (NBF) announced it has become a member of the
trade finance blockchain network Marco Polo.
NBF’s addition brings the Marco Polo participant count to 22. Members include
Mastercard which joined last week as well as several top global banks such as BNP Paribas, ING and Standard Chartered.
“We’ve been actively exploring how emerging technologies such as blockchain, and an enhanced digital experience can be deployed in Trade Finance and Treasury Services to better serve our corporate clients’ ever-changing needs,” said Subramanian Krishnamurthy, Head of Global Transaction Services at NBF.
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