CBUAE launches unified e-KYC platform with Norbloc

By Parth Prabhudesai

The Central Bank of the UAE (CBUAE) has partnered with Norbloc AB to develop a nationwide electronic Know Your Customer (e-KYC) platform, as part of its Financial Infrastructure Transformation (FIT) Programme.

The platform aims to streamline customer due diligence by removing duplication, reducing compliance costs, and improving efficiency across the financial sector. It will support both KYC and Know Your Business (KYB) processes through automated workflows and access to verified data sources.

The agreement was signed by Saif Humaid Al Dhaheri and Astyanax Kanakakis, in the presence of senior officials, including CBUAE Governor Khaled Mohamed Balama.

Built on a privacy-by-design framework, the platform will allow secure data sharing based on customer consent, while supporting compliance with anti-money laundering and counter-terrorism financing regulations.

The initiative is expected to speed up digital onboarding for individuals and businesses, while lowering operational costs for banks and fintech firms. CBUAE said future phases will expand the platform’s capabilities and integration across the financial ecosystem.