HSBC Joins Dubai Economy United Arab Emirates KYC Blockchain Platform

According to Gulf News, Dubai Economy and HSBC have strengthened their Know Your Customers (KYC) blockchain alliance, making HSBC the platform's fourth partner. The UAE KYC blockchain platform is a nationwide ecosystem used to exchange 'know your customers' credentials between licensed and financial firms. The initiative was launched in February 2020 by the Dubai company in partnership with a search for bank members. The platform includes members of UAE Islamic Bank, UAE National Bank, Dubai Commercial Bank, Abu Dhabi Commercial Bank, HSBC, RAKBANK and Masreq Bank, Dubai Economy and DIFC .