The Dubai Financial Markets (DFM) recently hosted the launch of UAE-based private joint-stock company, BHM Capital’s Smart Digital On-boarding System, as part of its efforts to strengthen its digital transformation leadership in association with brokerage firms.
The implementation of the system marked the end of an effective phase of full coordination and technical support from DFM, marking the beginning of successful connectivity between the two parties.
Mr. Hamed Ali, CEO of DFM and Nasdaq Dubai, Mr. Abdel Hadi Al Sa’di, CEO of BHM Capital as well as other senior representatives from both sides attended the launch of the new smart system.
With this new investor onboarding system, opening a DFM Investor Number (NIN) is made much easier due to the direct link between BHM Capital and DFM. All the procedures related to getting an account for investors are done through this innovative, simple and reliable digital onboarding solution.
“The DFM’s Digital transformation efforts are gaining further momentum owing to the accelerating pace of electronic connectivity with our leading brokerage firms, which enhances market accessibility and streamlines investors’ onboarding experience. We congratulate BHM Capital on taking the lead offering this end-to-end digital onboarding experience for investors.”
Meanwhile, Mr. Abdel Hadi Al Sa’di, remarked that “The launch of the new smart system represents a key milestone in BHM Capital’s journey and a valuable addition to its services and products. We would like to extend our thanks to the DFM for its role in advocating digital transformation and supporting us to accomplish this significant step that indicates the excellence and continuous development of capital markets and creates a solid foundation for growth and prosperity of the investment environment in Dubai and the UAE.”
“While the new system seamlessly enables investors’ digital on-boarding, it adheres to the regulatory requirements of the Securities and Commodities Authority (SCA) such as; the verification of the client’s identity, the Know Your Customer (KYC), the anti-money laundering measures, etc.,” Mr. Al Sa’di added.