40.5 C
Kuwait City
September 20, 2019
Gulflance
Home » No need for physical checking of Emirates ID at banks – News
Khaleejtimes

No need for physical checking of Emirates ID at banks – News

Central Bank sends notice to all banks.

Banks and financial institutions in the UAE can use online validation gateway of the Federal Authority for Identity and Citizenship for identification verification of customers when opening their bank accounts.

This will eliminate the need for physical checking of the Emirates ID card of individual and corporate customers, the Central Bank said in a notice sent to all banks and financial institutions operating in the country.

“The UAE Pass Platform depends on the online validation gateway of the Federal Authority for Identity and Citizenship for identity verification, which eliminates the need for physical checking of the UAE ID card. Banks and other financial institutions may utilise the UAE Pass in the procedures of opening account and conducting transactions for individuals and representatives of corporate customers,” reads the Central Bank notice sent to banks in the country.

Launched in October 2018, the UAE Pass is the first national digital identity platform that is available for Emiratis and expats through a single mobile identity, allowing them not just to access services but also to digitally sign documents.

All UAE residents can have a digital national identity that can be used to access government services and make transactions online. Residents can log into any government website to make a transaction after downloading the app and creating an account on UAE Pass.

The Central Bank and the UAE Banking Federation welcomed the digital transformation initiative – UAE Pass Platform – launched jointly by Telecommunication Regulatory Authority (TRA)), in collaboration with Abu Dhabi Digital Authority and Smart Dubai.

waheedabbas@khaleejtimes.com

 

MORE FROM News

  • Dubai


    The Dubai Metro is the most popular mode of transport in the city. READ MORE

  • Legal View


    It may be noted that an individual’s right to privacy is protected… READ MORE

  • Abu Dhabi


    The next phase of the registration process will involve company… READ MORE

  • Dubai


    The eight other finalists went home with Dh10,000 each. READ MORE


Source link
Click here to read more news from @khaleejtimes

Related posts

Pakistan responds to India’s statement on taking back Kashmir – News

KT Mobile

Taleban vows to fight on after Trump says talks are ‘dead’ – News

KT Mobile

Multiple accidents lead to massive traffic in UAE – News

KT Mobile

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please spend a minute

Gulflance Poll

Which is worst social media?
Vote Now
close-link
Sign-up for exclusive content. Be up to date with Gulflance
Subscribe
Subscribe
close-image

You're currently offline