Moody’s Gives Thumbs Up to UAE’s Know Your Customer Blockchain Platform

Moody’s Gives Thumbs Up to UAE’s Know Your Customer Blockchain Platform

Moody’s ratings agency has said that the proposed blockchain-based KYC consortium in the United Arab Emirates is credit positive for the nation’s lenders. Moody’s Corporation has said that a new blockchain-based Know Your Customer (KYC) platform in the United Arab Emirates is credit positive for the nation’s lenders. According to a report by local media outlet The National on Feb. 26, the ratings agency has said that the platform will improve asset quality and boost…

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