Source: Hamad I Mohammed/Reuters. Source: Hamad I Mohammed/Reuters.
When Norbloc was founded in 2016, it took a few years to find its feet. Headquartered in Sweden, the data expert, specializing in know-your-customer (KYC) technology, set out to sell its digital wares across western Europe.
“In our early days, we worked with banks in Sweden, Norway, Belgium and Greece, and found that not an awful lot of financial digitization was going on,” says the firm’s chief executive and co-founder, Astyanax Kanakakis. “Banks were very sceptical about working with each other, even though they are symbiotic in many ways.”
So, the following year, it switched track and headed to the United Arab Emirates, opening an office in the Dubai International Financial Centre (DIFC), the region’s main financial hub.
UTC s digital trade platform goes live with 7 banks
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Economic development index in Sharjah shows remarkable growth
gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.