The Banking Executive Magzine - July 2025 Issue

Dubai Dubai Unified Licence Integration WITH EMIRATES NBD DELIVERS 35% TIME REDUCTION FOR SME ONBOARDING Dubai Business Registration and Li- censing Corporation (DBLC), part of the Dubai Department of Economy and Tourism (DET), has highlighted the transformative impact of its strategic alliance with Emirates NBD through integration with the Dubai Unified Licence (DUL) initiative. As one of the first banks officially on- boarded to the DUL, Emirates NBD has pioneered a seamless, govern- ment-verified approach to SME and Business Banking (BuB) onboarding. By leveraging direct access to DET’s trade licence and investor data, the bank has cut onboarding times by 35% and automated the updating of more than 4,000 business customer records over the course of only two months, eliminating the need for manual intervention by customers or staff. Since working within the DUL framework, the bank has also sup- ported SMEs and investors by en- the BANKING EXECUTIVE 30 ISSUE 199 JULY 2025