Reported by FinTech Globsl

(Excerpt shared below. To read full report, go to: https://fintech.global/2026/04/15/norbloc-ab-tapped-for-uaes-e-kyc-transformation/)

The Central Bank of the UAE (CBUAE), the country’s primary financial regulatory authority, has announced the creation of a nationwide unified electronic Know Your Customer (e-KYC) platform, with Swedish technology firm Norbloc AB named as its technical partner.

The initiative forms a central component of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme, which seeks to build a more integrated financial ecosystem. The platform is designed to eliminate the duplication of customer due diligence processes, lower compliance costs and bolster the UAE’s standing in global digital finance.

The technical partnership agreement was formalised at a signing ceremony attended by CBUAE governor H.E. Khaled Mohamed Balama and assistant governor for banking and insurance supervision H.E. Ahmed Saeed Al Qamzi. The agreement itself was signed by CBUAE assistant governor for banking operations and support services H.E. Saif Humaid Al Dhaheri and Norbloc AB chief executive officer Astyanax Kanakakis, alongside senior representatives from both organisations.

The platform will modernise Know Your Customer and Know Your Business (KYC/KYB) procedures by automating workflows and drawing on verified data sources, in turn reinforcing compliance with anti-money laundering and counter-terrorism financing (AML/CFT) requirements. Built on a privacy-by-design framework, the system enables secure data exchange based solely on explicit customer consent, aiming to uphold strict standards of data protection across the financial sector. It is expected to deliver faster digital onboarding for both individuals and businesses, while cutting turnaround times and operational costs for financial institutions and FinTech companies alike.

The CBUAE describes the project as a significant milestone in the digital transformation of the UAE’s financial sector.