Dubai’s International Financial Centre (DIFC) has launched a new digital platform which it claims will simplify the onboarding process for clients.
The platform employs optical character recognition and digital signatures in a bid to speed up the process of approving new entities.
The DIFC claims that the new platform will enable prospective clients to register themselves on the platform and begin the company formation process immediately rather than waiting on administrative approval.
The work on the new platform was done in collaboration with IBM, PwC and Salesforce.
“Our new and improved digital onboarding platform will vastly improve efficiencies for our clients and the DIFC, making it easier and quicker to establish a business at the centre through a simple and innovative digital portal that cuts application times in half,” said DIFC executive vice president Alya Al Zarouni.
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