Banks in the UAE are gradually ending the use of handwritten signatures and moving toward fully digital signatures. This new system will use the country’s national digital identity platform, allowing customers to approve transactions and verify their accounts online without signing paper documents.
With this change, customers will be able to sign important banking documents electronically. These digital signatures will be securely authenticated through systems linked to the central bank, making the process more reliable and standardized across banks. As a result, many services that previously required a visit to a bank branch can now be completed remotely.
The shift to digital signatures is expected to make banking faster and more convenient. It will reduce delays, minimize paperwork, and lower the risk of errors that can occur with manual processing. Banks also believe the system will help prevent fraud by using secure digital verification instead of traditional signatures, which are easier to forge or misuse.
In the future, the system may be expanded further. Possible developments include the use of blockchain technology for verification and the addition of more banking services that can be completed entirely online. These upgrades would further strengthen security and improve transparency.
Overall, this move supports the UAE’s wider digital transformation goals, including open finance initiatives. By adopting digital signatures, the banking sector aims to improve efficiency, enhance customer experience, and strengthen security across financial services.
This information is provided for general awareness only and is based on publicly available reports. The image is for reference purposes. For complete and official details, readers are advised to consult authorized sources.
