Page 55 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/7/25, 9:40 AM Etihad Credit Insurance Joins UAE’s KYC Blockchain Platform for Better Compliance - Fincrime Central
inclusion. Customers benefit from:

Reduced onboarding time due to instant access to verified data

Seamless, consent-driven data sharing across institutions
Confidentiality and security through encrypted blockchain transactions

Since its launch in 2020, the DET-led KYC Blockchain Platform has expanded to include major financial entities
in the UAE. With ECI’s participation, the insurance sector now stands to gain from the efficiencies and security
enhancements of blockchain technology.

CONCLUSION: A STEP TOWARD THE FUTURE OF KYC COMPLIANCE

Etihad Credit Insurance’s decision to join the UAE’s KYC Blockchain Platform is more than just a technological
shift—it represents a paradigm change in how KYC compliance is managed. By embracing blockchain, ECI
strengthens its regulatory framework while improving customer experiences.

As Dubai continues to position itself as a hub for digital innovation and financial integrity, initiatives like the KYC
Blockchain Platform will play an essential role in shaping the future of global business transparency. With the
insurance sector now actively engaged, the platform’s impact will only grow, reinforcing the UAE’s status as a
trusted global financial center.

RELATED LINKS

Dubai Department of Economy and Tourism – Official Website

Etihad Credit Insurance – Official Website
norbloc’s Fides Solution

UAE Government – Blockchain Strategy
Financial Action Task Force (FATF) Guidelines on KYC

OTHER FINCRIME CENTRAL NEWS STORIES ABOUT THE UAE

UAE and France Strengthen Cooperation to Boost International Economic Security
UAE-Italy Strategic Partnership in Fighting Financial Crimes

UAE’s General Secretariat Strengthens AML Leadership
The 7th UAE-EU Structural Dialogue Unveils Bold Progress on AML Efforts

Source: Economy Middle East

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