Page 109 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/18/25, 8:32 AM Etihad Credit Insurance Integrates with KYC Blockchain Platform | Arabian Post
Etihad Credit Insurance Integrates

with KYC Blockchain Platform

Arabian Post Staff -Dubai

Etihad Credit Insurance , a prominent UAE Federal
export credit company, has joined the Know Your

Customer Blockchain Platform, marking a milestone
for the country’s insurance sector. The partnership,

aimed at enhancing the efficiency of customer
identity verification, places ECI at the forefront of
adopting blockchain technology within the financial

industry.

This move reflects a broader trend in the UAE’s
ongoing efforts to modernize its financial and

insurance sectors. By integrating blockchain-based solutions, ECI joins several other entities striving
to increase transparency, reduce fraud, and improve operational efficiency. The KYC Blockchain
Platform itself, led by the Dubai Department of Economy and Tourism , represents a key innovation

within the region’s fintech ecosystem.

A D V E R T I S E M E N T

Blockchain’s decentralized nature offers significant advantages for KYC processes. Traditionally,
verifying customer identities involves complex, time-consuming procedures that are susceptible to

human error and fraud. The adoption of blockchain ensures secure, immutable records, allowing for

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