Page 68 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/5/25, 9:03 AM Etihad Credit Insurance joins KYC Blockchain Platform
The platform uses norbloc’s Fides solution to improve customer experiences by

leveraging innovative blockchain technology to offer access to accurate and

reliable information for banks and other financial institutions.

“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 H.E. Raja Al Mazrouei
CEO – ECI
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, optimize 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 that, “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 the 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

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