The Central Bank of the UAE (CBUAE) has partnered with Norbloc AB to build a nationwide e-KYC platform, streamlining customer verification across the financial sector.
The system enables secure data sharing based on explicit customer consent, reducing duplication in due diligence and lowering compliance costs. It integrates trusted data sources and automated workflows to enhance KYC and KYB processes, while aligning with anti-money laundering and counter-terrorism financing frameworks.
Designed with privacy-by-design architecture, the platform will accelerate digital onboarding for individuals and businesses, improving efficiency and reliability for banks and fintech firms.
The initiative marks a shift towards a unified, digital-first compliance model, reinforcing the UAE’s position as a global financial innovation hub.
Gulf Economist Staff Writer