United Arab Bank joins e& enterprise’s fintech blockchain unit, UTC 

United Arab Bank joins e& enterprise’s fintech blockchain unit, UTC 

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

UTC, the fintech blockchain platform of e& enterprise, is the UAE’s first commercialized 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.

The signing ceremony was held at UAB’s Head Office in Sharjah between the signing representatives, CEO of UAB, Mr. Shirish Bhide & CEO of UTC, Mr. Zulqarnain Javaid.

Shirish Bhide

CEO – UAB “We wholeheartedly support UTC’s mission of driving digital transformation and reducing fraud risks. This strategic partnership aligns with UAB’s mission to accelerate growth through digitization and to build a secure and transparent trade finance ecosystem. We are thrilled to benefit from the advantages presented by this agreement in order to provide secure and completely transparent banking solutions for our customers. UTC’s benefits will not only protect UAB’s customers and the wider banking system but will also boost global trade. It is