The application will act as a single trusted identity solution for residents and visitors, accelerating convenience and access to a wide array of services in the country.
Monday 07, October 2019 BY KUDAKWASHE MUZORIWA
The UAE Banks Federation (UBF) played a significant advisory role in the innovation and enhancement of UAE Pass—the recently unveiled mobile app which acts as a digital identity and signature solution for residents as well as visitors in the UAE.
The UBF said that banking is among the leading sectors that will adopt UAE Pass, a prominent digital transformation initiative in the country that provides access to a variety of government and non-government services.
UBF stated that over 50 banks in the UAE are preparing for the implementation of UAE Pass, with some ready to integrate the new authentication system as soon as next month.
UAE Pass will allow users to conduct financial transactions, upload documents as well as validate documents and the app will provide a digital vault to share data between users—without using their Emirates IDs.
HE Mubarak Rashed Al Mansoori, the Governor of CBUAE, said that the objective of the central bank is to cater to the needs of banking consumers as well as ensure they are adequately served and protected.
In close cooperation with the UBF, the CBUAE has allowed banks to use the platform to conduct their ‘Know Your Customer’ verifications digitally.
“As the leading industry association for the UAE banking sector, we carefully consulted our 52-member banks to help drive the adoption and integration of the platform, maintaining outstanding security procedures and simple, seamless user experience,” said HE AbdulAziz Al Ghurair, the Chairman of UBF.