EDC has partnered with Aafaq Islamic Finance, a leading provider of Sharia-compliant financial products and services, to offer its advanced Digital Onboarding Solution. The onboarding solution, which EDC will provide and implement, will streamline the onboarding process, and enhance the user experience for customers of Aafaq Islamic Finance.
The partnership agreement was signed by Mr. Abdulla Al Hammadi, CEO of EDC and Mr. Hisham Hammoud, CEO of Aafaq Islamic Finance, at a ceremony held at Aafaq's headquarters in Dubai. Other senior representatives from both companies also attended the signing.
The Digital Onboarding Solution will provide customers with a seamless onboarding experience, allowing them to open accounts and access financial services quickly and securely. The solution will also ensure compliance with the KYC regulations of the Central Bank of UAE, which mandate that financial institutions verify the identity of their clients.
Commenting on the partnership, Mr. Abdulla Al Hammadi, CEO of EDC, said: "We are pleased to partner with Aafaq Islamic Finance, and are confident that our Digital Onboarding Solution will improve operational effectiveness, enhance customer satisfaction, and help the company accomplish its business objectives. Our solutions are carefully designed to streamline the overall process for our partners, while providing their clients with a seamless digital onboarding experience.”
Mr. Hisham Hammoud, CEO of Aafaq Islamic Finance, said: " Our partnership with EDC is evidence of our commitment to offering cutting-edge and convenient financial solutions to our clients. In addition to ensuring full compliance with the Central Bank of UAE's KYC regulations, the Digital Onboarding Solution will provide our customers with a quick and secure onboarding experience."
The latest collaboration is expected to provide significant benefits to the customers of Aafaq Islamic Finance, which include faster and more efficient onboarding, easier access to financial services, and an overall improved customer experience.
