Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has entered into a strategic agreement with Partior to explore participation in their blockchain-based platform for clearing and settlement, a collaboration that will offer Emirates NBD’s clients 24x7 availability, and faster, more seamless payment flows.
Partior announces the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and J.P. Morgan, Standard Chartered and Temasek as existing shareholders.
The relationship between traditional banks and newer fintech companies continues to shape the landscape. Banks provide stability through their strong infrastructure and regulatory frameworks. Fintechs, fueled by innovation and agile technology, are redefining how financial services are offered. This interaction challenges old norms and opens new avenues for collaboration and growth.
Partior's Head of Product, Atul Bhuchar discusses how Partior is spearheading seamless, real-time cross-border and domestic multi-currency payments among banks, by integrating DeFi principles like programmability, atomic settlement, and interoperability.