Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to expand the UAE KYC (Know Your Customer) Blockchain Consortium.
This move positions the solution as the national corporate eKYC platform. It will offer customer onboarding and allow sharing of verified eKYC data between licensing authorities and financial institutions through advanced distributed technologies.
The founding consortium members include Dubai Economy, Dubai International Financial Centre, Emirates NBD, Emirates Islamic, Commercial Bank of Dubai, HSBC, Abu Dhabi Commercial Bank, RAKBANK, and Mashreq Bank.
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