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HSBC joins Dubai Economy's UAE KYC Blockchain Platform

Dubai: Dubai Economy and HSBC have strengthened the UAE KYC (Know Your Customer) Blockchain Consortium with HSBC becoming the fourth founding member to go live on the platform.
The UAE KYC Blockchain Platform is a national ecosystem for the exchange of verified “know your customer” data between licensing authorities and financial institutions. This initiative was launched in February 2020 by Dubai Economy in partnership with founding member banks.
The platform comprises members such as Emirates Islamic, Emirates NBD, Commercial Bank of Dubai, Abu Dhabi Commercial Bank, HSBC, RAKBANK and Mashreq Bank as well as Dubai Economy and DIFC.
The initiative is powered by norbloc, a global leader in enterprise blockchain technologies that enable sharing of regulated data. ....

United Arab Emirates , Abu Dhabi Commercial Bank , Mashreq Bank , Abdulfattah Sharaf , Omar Al Mehairi , Bank Middle East , Head Of International , Your Customer Blockchain Consortium , Dubai International Financial Centre , Dubai Economy , Know Your Customer , Blockchain Consortium , Image Credit , Emirates Islamic , Commercial Bank , Doing Business , Follow Up Division , Business Registration , Group General Manager , Middle East , ஒன்றுபட்டது அரபு அமீரகங்கள் , மாஶ்ர்க் வங்கி , வங்கி நடுத்தர கிழக்கு , தலை ஆஃப் சர்வதேச , உங்கள் வாடிக்கையாளர் ப்ளாக்சைன் கூட்டமைப்பு , துபாய் சர்வதேச நிதி மையம் ,

Dubai Economy, DIFC to unify corporate e-KYC platforms

Dubai Economy, DIFC to unify corporate e-KYC platforms
DUBAI, 4 hours, 25 minutes
ago
Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to expand the UAE KYC (Know Your Customer) Blockchain Consortium positioning it as the national corporate e-KYC platform.
It will facilitate faster, more secure and streamlined customer onboarding and allow sharing of verified e-KYC data between licensing authorities and financial institutions through advanced distributed technologies, reported Emirates news agency
Wam.
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. The first phase went live in 2020 and more entities have joined since resulting in the platform holding close to 50 per cent of corporate e-KYC records in UAE. ....

United Arab Emirates , Abu Dhabi Commercial Bank , Mashreq Bank , Lowai Mohamed Belhoul , Alya Al Zarouni , Abdulla Hassan , Government Of Dubai Legal Affairs Department , Consortium Agreement , Consortium Members , Blockchain Consortium , Your Customer Blockchain Consortium , Dubai International Financial Centre , Dubai Economy , Know Your Customer , Emirates Islamic , Commercial Bank , Dubai Legal Affairs Department , Dubai Legal Affairs , Corporate Support Sector , Executive Vice President , ஒன்றுபட்டது அரபு அமீரகங்கள் , மாஶ்ர்க் வங்கி , அப்துல்லா ஹாசன் , அரசு ஆஃப் துபாய் சட்டப்பூர்வமானது வாழ்க்கைத்தொழில்கள் துறை , கூட்டமைப்பு உறுப்பினர்கள் , ப்ளாக்சைன் கூட்டமைப்பு ,

Dubai Economy and DIFC join hands to unify their corporate e-KYC Platforms

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United Arab Emirates , Abu Dhabi Commercial Bank , Mashreq Bank , Consortium Members , Your Customer Blockchain Consortium , Dubai Legal Affairs Department , Dubai International Financial Centre , Dubai Economy , Emirates Islamic , Commercial Bank , Know Your Customer , Blockchain Consortium , ஒன்றுபட்டது அரபு அமீரகங்கள் , மாஶ்ர்க் வங்கி , கூட்டமைப்பு உறுப்பினர்கள் , உங்கள் வாடிக்கையாளர் ப்ளாக்சைன் கூட்டமைப்பு , துபாய் சட்டப்பூர்வமானது வாழ்க்கைத்தொழில்கள் துறை , துபாய் சர்வதேச நிதி மையம் , துபாய் பொருளாதாரம் , அமீரகங்கள் இஸ்லாமிய , வணிகரீதியானது வங்கி , தெரியும் உங்கள் வாடிக்கையாளர் , ப்ளாக்சைன் கூட்டமைப்பு ,

Dubai Economy and DIFC join hands to unify corporate e-KYC platforms

Dubai Economy and DIFC join hands to unify corporate e-KYC platforms
[email protected]
Filed on April 6, 2021
Dubai Legal Affairs Department (LAD) to play a pivotal role in assisting Dubai Economy and DIFC in formalising the legal framework for the unified platform.
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.
Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to consolidate efforts and expand the UAE KYC (Know Your Customer) Blockchain Consortium positioning it as the national corporate e-KYC Platform, making it the first such platform in the region. It will facilitate faster, more secure and streamlined customer onboarding and allow sharing of verified e-KYC data between licensing authorities and financial institutions through a ....

United Arab Emirates , Abu Dhabi Commercial Bank , Mashreq Bank , Lowai Mohamed Belhoul , Alya Al Zarouni , Rashid Al Maktoum , Abdulla Hassan , Government Of Dubai Legal Affairs Department , Your Customer Blockchain Consortium , Blockchain Consortium , Consortium Agreement , Dubai International Financial Centre , Dubai Economy , Know Your Customer , Emirates Islamic , Commercial Bank , Dubai Legal Affairs Department , Director General , Dubai Legal Affairs , His Highness Sheikh Mohammed , Prime Minister , Corporate Support Sector , Executive Vice President , ஒன்றுபட்டது அரபு அமீரகங்கள் , மாஶ்ர்க் வங்கி , ரஷித் அல் மெக்டூம் ,

Dubai Economy and DIFC join hands to unify their corporate e-KYC Platforms | Dubai International Financial Centre

• For exchange of KYC data between licensing authorities and financial institutions
• Dubai Legal Affairs Department (LAD) to play a pivotal role in assisting Dubai Economy and DIFC in formalising the legal framework for the unified platform
• The founding consortium members include Emirates NBD, Emirates Islamic, Commercial Bank of Dubai, HSBC, ADCB, RAKBANK and Mashreq Bank.
Dubai, 6 April 2021: Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to consolidate efforts and expand the UAE KYC (Know Your Customer) Blockchain Consortium positioning it as the national corporate e-KYC Platform, making it the first such platform in the region. It will facilitate faster, more secure and streamlined customer onboarding and allow sharing of verified e-KYC data between licensing authorities and financial institutions through advanced distributed technologies. ....

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