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Dubai Economy and six banks launch KYC consortium

Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBank , Abu Dhabi Commercial Bank and Commercial Bank of Dubai, has formed a consortium for sharing of verified KYC (Know Your Customer) data between banks and licensing authorities in the UAE. The new ‘KYC Blockchain Consortium’ will facilitate a faster,…

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Click here to read the full story: Gulf News

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