HSBC to enter Dubai Economy's UAE KYC Blockchain Platform

With this move, investors will now have an option of opening a bank account with the international bank digitally. The UAE KYC Blockchain Platform improved the investor bank account journey by reducing the time it takes to establish a relationship with banks. In the UAE, the platform will significantly improve customer data quality, which will support network expansion and use as a full customer data ecosystem. HSBC can now use the KYC data for customer onboarding and receiving updated information of existing customers.

The move will make it easier to serve customers quickly and concentrate more on their core banking needs with access to up-to-date KYC data from Dubai Economy.