UAE banks are phasing out handwritten signatures, moving to fully digital signatures via the national digital identity platform.
The change applies to transactions requiring customer approval and account verification, allowing documents to be signed ele... moreUAE banks are phasing out handwritten signatures, moving to fully digital signatures via the national digital identity platform.
The change applies to transactions requiring customer approval and account verification, allowing documents to be signed electronically and authenticated through the central bank’s system.
This shift aims to speed up processes, reduce errors, and curb fraud while eliminating the need for in-person branch visits. Future expansions may include blockchain-based verification and other banking services.
The move aligns with broader initiatives like open finance, enhancing efficiency and security in the UAE’s banking sector.
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and Adil Molla
