Monday, July 22, 2024
ReportDIB to provide eKYC capabilities

DIB to provide eKYC capabilities

Dubai Islamic Bank (DIB) has partnered with the UAE’s Ministry of Interior (MOI) to provide electronic know-your-customer (eKYC) capabilities to its customers through the MOI’s digital verification face gateway service.

This initiative will allow new customers to open a bank account with DIB remotely and digitally through face matching verification, eliminating the need for customers to physically visit a branch for initial KYC verification and onboarding.

“In line with the UAE leadership’s vision for a world-leading digital economy, we have been introducing a number of digitally intelligent banking solutions for our customers at regular intervals, a driving force behind our steady growth over the last few years. With an underlying aim to offer a more simplified, convenient and seamless banking experience for our customers, we are confident that these new and innovative solutions will help further affirm our commitment towards developing products, services, and other offerings tailored to the specific needs of our customers,” commented Dr Adnan Chilwan, group CEO of DIB.

The MOI Facial recognition project started in 2007 with a vision to develop a trusted and secure way to verify people identity remotely. In 2021, the MOI digital verification face gateway service was launched and provides AI-based solutions to verify identity remotely.


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