The Central Bank of the UAE (CBUAE) announced it is developing a nationwide unified electronic Know Your Customer (e-KYC) platform after signing a technical partnership agreement with Norbloc AB. The project is positioned as a core pillar of the Financial Infrastructure Transformation (FIT) Programme and is intended to reduce duplicated customer due diligence across the market, lower compliance and operational costs, and improve the efficiency of digital onboarding for individuals and businesses. The platform is designed to enhance Know Your Customer and Know Your Business (KYC/KYB) processes and due diligence through automated workflows and the integration of trusted data sources, supporting alignment with anti-money laundering and combatting the financing of terrorism (AML/CFT) frameworks. It will use a privacy-by-design approach and enable secure data sharing based on explicit customer consent, with the stated aim of supporting both financial institutions and fintech companies while reducing turnaround times. Future phases are expected to expand the platform’s capabilities and deepen integration with relevant stakeholders.
Central Bank of the UAE 2026-04-15
Central Bank of the UAE partners with Norbloc AB to develop a nationwide unified e-KYC platform
The Central Bank of the UAE is developing a nationwide unified electronic Know Your Customer platform under its Financial Infrastructure Transformation Programme, in partnership with Norbloc AB, to streamline KYC/Know Your Business processes and lower compliance and operational costs. The platform will automate workflows, integrate trusted data sources, and support anti-money laundering and combatting the financing of terrorism frameworks using a privacy-by-design, consent-based data-sharing model for financial institutions and fintech companies, with future phases to expand capabilities.