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2/5/25, 9:01 AM Etihad Credit Insurance becomes UAE's first insurer to join KYC Blockchain Platform

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Etihad Credit Insurance becomes UAE’s first insurer to join KYC Blockchain Platform
The initiative improves KYC compliance, customer data quality, and supports future
growth of the network

The platform employs norbloc’s Fides solution, enhancing customer experiences with reliable blockchain-based information for
banks.
Published: Mon 3 Feb 2025, 12:26 PM Last updated: Mon 3 Feb 2025, 12:29 PM
Etihad Credit Insurance (ECI), the UAE Federal export credit company, joined the KYC Blockchain
Platform, marking a first for the insurance sector. Led by the Dubai Department of Economy and
Tourism (DET), the initiative aims to improve ease of doing business, company KYC compliance,
and customer data quality and enable the KYC network’s future growth by leveraging it as a reliable
customer data ecosystem.
Commitment to innovation
Her Excellency Raja Al Mazrouei, CEO of ECI, said: “We are pleased to be the first export credit
agency to join the UAE’s KYC platform, which marks a remarkable milestone for us. This step
enables the ecosystem to quickly improve the verification process of consumer identities and build
unified procedures by leveraging blockchain technology. At ECI, we are committed to using state-
of-the-art technologies in partnership with relevant stakeholders to increase operational efficiency,
optimise services and accelerate processes. We believe that this move would help streamline the
process of delivering our services and solutions, as well as support and enable a larger group of
businesses engaged in UAE export and re-export operations to both regional and international
markets.”

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