UAE Banks Creating e-KYC Utility

United Arab Emirates-based banks take on the challenge of a robust Know Your Customer utility.

Abu Dhabi

Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Ansari Exchange, Al Fardan Exchange, First Abu Dhabi Bank, UAE Exchange and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) will work together to develop the governance framework and functional requirements of the e-KYC utility. The initiative is part of an inclusive program of ADGM’s institutional-focused projects for 2018.

Richard Teng, CEO of the Abu Dhabi regulator, says the positive industry response

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