Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- KFH continues pioneering efforts to promote financial literacy in Kuwait
- US Fed holds interest rates steady
- Asian stocks hit by fresh tech fears as gold retreats from peak
- CBO releases its Macroeconomic Stability Report 2025
- Vodafone Qatar to showcase next-generation digital solutions enabling business growth at Web Summit
- Al Rayan Bank holds Executive Fraud Risk Management Briefing
- Saudi-built AI takes on financial crime
- Closing Bell: Saudi main market closes the week in red at 11,382
- Bahrain, UAE central banks keep interest rates unchanged
- Saudi Steel Pipe unit inks supply contract with Subsea Seven
30/01/2026 08:17 AST
Several banks operating in the UAE have begun phasing out handwritten customer signatures, moving instead to fully electronic signatures through the national digital identity platform, according to banking sources.
The shift applies to transactions that require customer approval and verification of account-related information exchanged between banks, with documents subsequently authenticated via the central bank's official platform.
A senior banking source, who declined to be named, said many banking documents have traditionally required customers to sign in person at branches, a process that has been time-consuming for both banks and clients, according to a report carried by Emarat Al Youm.
"Currently, documents are sent to the digital identity platform for customers to sign electronically, after which they are authenticated through the central bank's platform. There is no longer a need for handwritten signatures or physical presence," the source said.
The source added that government-backed platforms could be expanded to support other banking services, supported by initiatives such as open finance and the use of blockchain technology, which could help reduce errors, speed up transactions, enhance identity verification and curb fraud.
Gulfnews
| Ticker | Price | Volume |
|---|
30/01/2026
The Central Bank of Oman (CBO) released its Macroeconomic Stability Report 2025, a periodic flagship publication providing an analytical assessment of recent macroeconomic developments and their spil
ONA
30/01/2026
As financial institutions face increasingly complex threats from fraud and money laundering, technology companies are racing to build systems that can keep pace with evolving risks.
One suc
Arab News
30/01/2026
The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) have decided to maintain their overnight deposit rate unchanged.
The CBUAE said the Base Rate applicable to the Over
Trade Arabia
30/01/2026
Saudi Arabia's Minister of Finance and Chairman of the National Center for Privatization Mohammed bin Abdullah Al-Jadaan highlighted the Council of Economic and Development Affairs' approval to concl
Arab News
30/01/2026
Dubai's rental market absorbed one of its strongest demand cycles on record in 2025 without triggering inflationary pressure, a report showed.
According to the Betterhomes Full-Year Dubai Re
Khaleej Times
Financial Information Co.
Saudi Arabia