“Communications Regulation”: 534 thousand accounts of the number of those registered with the digital ID

Developing systems for 22 banks and exchange companies to adopt digital IDs in "banking transactions"

Communications Regulation: The electronic signature service is available to all governmental and private agencies.

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The Telecommunications Regulatory Authority in the country has stated that the regulations of more than 22 banks and exchange companies in the UAE are being developed in order to adopt the digital identity as a platform for conducting banking transactions.

She explained to "Emirates Today", that "the culture of dealers and confidence in digital transactions is one of the most important challenges that hinder banks' adoption of digital identity and electronic signature," noting that the number of registered digital ID holders of trusted account holders who can use the electronic signature feature has reached 534 thousand accounts, pointing out that the electronic signature service is available to all government and private agencies.

Systems development

In detail, the Telecommunications Regulatory Authority in the country confirmed that the regulations for more than 22 banks and exchange companies in the UAE are currently being developed, in order to adopt the digital ID as a platform for conducting banking transactions, noting that the service has already been launched for Emirates NBD, And Al Ansari Exchange Company in 2020.

The authority stated that this step comes based on the message sent by the Central Bank of the Emirates, on September 11, 2019, to all banks and other financial institutions operating in the country, to electively adopt the digital identity platform, and in coordination with the Emirates Banks Federation.

workshops

She indicated that many workshops and meetings organized by the authority and its partners have been held in order to encourage banks to adopt the digital identity and electronic signature in the banking sector, banks and exchange companies.

The authority noted that customer culture and confidence in digital transactions are among the most important challenges that hinder banks' adoption of digital identity and electronic signature, indicating that many promotional campaigns are being implemented for bank dealers on digital channels and marketing by various banks in the UAE, to overcome these challenges. .

Trusted accounts

The authority revealed that the number of registered digital ID holders of trusted account holders, who can use the electronic signature feature, reached 534,000 accounts, noting that the e-signature service is available to all government and private agencies.

She indicated that there are many incentives that support the orientation of various government and private agencies to use the digital identity and electronic signature, on top of which is to dispense with visiting service centers - and thus reduce congestion, reduce car exhaust, in addition to saving in the number of papers, time and effort spent by employees in dealing. With manual actions.

It is noteworthy that one of the most important advantages of using the digital ID for customers is logging in to services easily by confirming using a smartphone, Emirates ID number or e-mail, without the need for a password, as the customer can access services without entering a password, using techniques Modern and safe, it depends on a personal identification code that can be linked to a face or fingerprint reader.

The digital identity also provides a digital signature service via smart phones, as this feature enabled users to digitally sign official documents through the “digital identity” application from anywhere and at any time, which saves a lot of time and effort, and facilitates the reality of life for people, and access to services Different.

The culture of dealers and trust in digital transactions is one of the most important challenges facing banks adopting the digital identity and electronic signature.

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