Blockchain UAE Trade Connect platform, the UAE’s first trade finance platform to combat fraud has added United Arab Bank (UAB) as its 11 th bank on its platform. 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. Shirish Bhide, Chief Executive Officer at United Arab Bank, stated, “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...