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2/5/25, 9:02 AM Etihad Credit Insurance joins the KYC Blockchain Platform - Middle East Business News and Information - mid-east.info
Etihad Credit Insurance joins the KYC

Blockchain Platform

February 3, 2025 11

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.

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.”

Ahmad AlFalasi, CEO of DBLC at DET, said: “We are pleased to welcome ECI as the first

insurance sector entity to join the KYC Blockchain Platform. This milestone highlights ECI’s
commitment to improving ease of doing business and enhancing KYC compliance standards.

DET is dedicated to providing alternative channels for seamless company KYC data sharing and
validation, with this initiative being a key example. By easing access to banking, financial, and
insurance services, the platform fosters regulatory collaboration while ensuring robust KYC

compliance. ECI’s participation underscores the growing momentum of this initiative, and we
look forward to further strengthening Dubai’s position as a global trusted business hub.”

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