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Moody’s confirms KYC blockchain platform is credit positive – Decrypt

Moody’s confirms KYC blockchain platform is credit positive – Decrypt

In brief Six major UAE banks are building a know-your-customer blockchain platform. The platform has received a positive review from Moody’s Investors Service. The project aims to improve KYC compliance and prevent data theft. American credit rating agency Moody’s Investors Service has deemed a know-your-customer (KYC) blockchain platform credit positive for financial institutions in the United Arab Emirates.







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