A new digital platform under the name of ‘Know Your Customer” (KYC) has been launched in the UAE to provide accurate, comprehensive, and confidential data for financial transactions.
The new platform aims at providing a secure digital infrastructure for verifying customer identities and fostering trust in the business environment and improving the customer experience in accessing financial and banking services. It also will offer accurate data and information to relevant authorities to enhance transparency in financial transactions and facilitate information exchange and collaboration in combating financial crimes.
