Commercial Bank Of Dubai First Bank In The Middle East To Integrate Liink, Kinexys By J.P. Morgan For Global Account Validation

(MENAFN- Dubai PR Network) Commercial bank of Dubai (CBD) has today announced it is the first bank in the Middle East to integrate the Kinexys Liink application Confirm from Kinexys by J.P. Morgan into its corporate banking portal and mobile app, reinforcing its position as a digital-first bank committed to driving real, impactful change in financial services.

With a commitment to service transformation and a digital-first approach, CBD continues to lead in delivering solutions that matter. This integration provides CBD's corporate clients with streamlined cross-border payment flows as a result of faster, more secure, and more efficient account validation.

Kinexys Liink, the world's first bank-led peer-to-peer data sharing network, is part of Kinexys by J.P. Morgan – the firm's blockchain business unit focused on groundbreaking innovation to build the next-generation of financial infrastructure utilising blockchain technology. An application on the Kinexys Liink network, Confirm facilitates the global validation of beneficiary bank account information, such as account status and account ownership, reducing the risk of return delays, unnecessary fees and fraud. By providing near real-time verification, the Confirm application helps to improve the reliability of cross-border payments and reduce errors.

Dr. Bernd van Linder, Chief Executive Officer of CBD, commented, 'At CBD, payments transformation is part of our journey to create an efficient banking system for our customers. We innovate with purpose, ensuring that every new solution we introduce directly benefits our customers and contributes to the broader financial ecosystem. By integrating the Kinexys Liink application Confirm, we are eliminating pain points in cross-border payments while also reinforcing the UAE's position as a hub for secure and efficient financial transactions. This integration marks an important step in strengthening the region's payment infrastructure and supporting businesses with safer, faster, and more reliable banking solutions.'

Naveen Mallela, global co-head of Kinexys by J.P. Morgan, said, 'We are committed to developing solutions that enhance the speed, security, and reliability of global cross-border payments. CBD's integration to the Kinexys Liink network helps bring these benefits to the region, and we look forward to expanding the reach of Kinexys Liink to further strengthen cross-border payment infrastructure globally.”

CBD's initial rollout of the Kinexys Liink application Confirm will focus on the United States and India, two high-traffic corridors for cross-border payments. Through CBD's iBusiness online and mobile banking platforms, corporate clients can now pre-validate beneficiary details before initiating transactions, enhancing payment accuracy, reducing investigation cases, and strengthening fraud mitigation measures. This sets the foundation for broader global expansion in the near future.

CBD's is proud to be the bank that is backing the roll-out of the Kinexys Liink application Confirm as part of a broader vision to enable growth and unlock new opportunities for businesses in the UAE.

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