About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Dubai Banks Launch New KYC Data-Sharing Platform

Subscribe to our newsletter

Dubai International Financial Centre (DIFC), Mashreq Bank and fintech firm Norbloc have teamed up to launch the Middle East region’s first blockchain-based KYC data-sharing consortium. The joint venture, expected to go live in Q1 2020, is designed to facilitate faster, more secure onboarding and exchange of supporting documentation via advanced distributed technologies, including blockchain. Companies will be able to digitally create a single KYC record, which will be authenticated with an electronic ID, to simultaneously share data with multiple financial institutions. The platform will be open to all qualified financial institutions and licencing authorities.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Developing operational resilience

Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to...

BLOG

The FCA’s Wakeup Call: Mature Financial Controls, Immature Trade Controls

By Becki LaPorte, Principal – AML Strategy & Innovation, FinScan. The FCA’s latest report on sanctions systems and controls delivers a verdict that compliance professionals will find both encouraging and concerning. Although financial sanctions programs have matured, trade sanctions compliance has not. The gap between the two is significant and the report highlights this clearly....

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Hosted/Managed Services

The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a utility-based approach to reference data management? And if so, how can...