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2/5/25, 9:04 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
smoother and faster transactions. By participating in this platform, ECI aims to streamline its own

compliance procedures, reducing the need for manual checks and minimizing risks associated with
identity theft.

The KYC Blockchain Platform has already gained traction with a growing number of financial
institutions and government entities looking to optimize their services. For ECI, the decision to

integrate blockchain into its operations comes at a time when trust in digital solutions is paramount. In
particular, the move is expected to strengthen the company’s ability to offer enhanced trade credit

services, which are crucial for UAE-based businesses involved in international trade.

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