Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza Innovations, have developed UAE Trade Connect (UTC), a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other key areas of trade finance.

The solution for user verification, developed in collaboration with Moscow fintechs VisionLabs and Smart Engines, is integrated into the mobile application of Emirates NBD, one of the largest banks in the UAE.