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Portable KYC Remains Elusive Despite Digital Identity Growth in UAE, Europe, AsiaThe United Arab Emirates recently launched a national digital Know Your Customer platform under the oversight of the UAE Central Bank, aiming to standardize customer onboarding, streamline compliance checks and strengthen anti-money laundering enforcement.
Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.
K ICO Announces Probe Into Microsoft Screenshot Storage FeatureMicrosoft's new automatic screenshot retrieval feature could enable hackers to steal sensitive information such as online banking credentials, security experts warned. Additionally, the U.K. data regulator will probe Recall for compliance with privacy law.