Central Bank of UAE partners with Norbloc to develop unified e-KYC platform
The new system will streamline both individual and business verification processes, including know your customer (KYC) and know your business (KYB) requirement
15 April, 2026
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The Central Bank of the UAE has signed a technical partnership with Sweden-based Norbloc AB to develop a nationwide electronic know your customer (e-KYC) platform, as part of efforts to modernise the country’s financial infrastructure and strengthen financial stability.
The initiative forms a key component of the central bank’s Financial Infrastructure Transformation (FIT) Programme, which aims to build a more integrated financial ecosystem, enhance operational efficiency and advance digital regulatory frameworks.
The new platform is designed to address inefficiencies linked to duplicated customer due diligence processes, reduce compliance costs and reinforce the competitiveness of the UAE’s financial sector, while supporting a unified national approach to customer verification.
The agreement was signed by Saif Humaid Al Dhaheri, assistant governor for Banking Operations and Support Services at the central bank, and Norbloc chief executive Astyanax Kanakakis, in the presence of governor Khaled Mohamed Balama and other senior officials.
The e-KYC system will streamline both individual and business verification processes, including KYC and know your business (KYB) requirements, through automated workflows and integration with trusted data sources.
It is also intended to enhance compliance with anti-money laundering and counter-terrorism financing regulations.
e-KYC platform to incorporate “privacy by design” framework
Officials said the platform incorporates a “privacy by design” framework, allowing secure data sharing based on explicit customer consent, with safeguards to ensure confidentiality and data protection across the financial system.
The central bank said the unified approach would support banks and fintech firms by enabling faster and more reliable digital onboarding for individuals and businesses, reducing turnaround times and operational costs while improving ease of doing business.
“This platform represents a shift away from resource-intensive traditional processes towards more efficient digital models,” Al Dhaheri said, adding that it would help improve access to financial services while lowering costs and enhancing transparency.
Kanakakis said the partnership would allow financial institutions to access secure, real-time data from multiple sources while maintaining high international standards and giving users greater control over their information.
Future phases of the project will focus on expanding the platform’s capabilities and integration with additional stakeholders, as the UAE seeks to strengthen its position as a hub for digital financial services and regulatory innovation.




















