Emirates NBD has launched its new SmartTrade portal as part of its Smart Business e-banking platform to meet the needs of its supply chain and trade finance customers.

The bank said in a statement yesterday that the launch of this portal falls within the framework of the bank's strategy for digital transformation, which has been allocated an amount of one billion dirhams, in order to «digitize» its operations, products and services. The SmartTrade portal offers a range of new features and allows them to send all their trade finance applications online such as credit messages, guarantees, trade loan applications and more.

In addition, customers will receive instant updates on their transaction status via email and text notifications.