Banking is among the leading sectors that will adopt UAE PASS, a prominent digital transformation initiative in the UAE that provides access to a variety of government and non-government services The application will also act as a single trusted identity solution for residents and visitors, accelerating conveience and access to a wide array of services …
Central Bank sends notice to all banks. Banks and financial institutions in the UAE can use online validation gateway of the Federal Authority for Identity and Citizenship for identification verification of customers when opening their bank accounts. This will eliminate the need for physical checking of the Emirates ID card of individual and corporate customers, …
No need for physical checking of Emirates ID at banks قراءة المزيد »
Senior compliance bankers of UAE Banks and high-level OFAC and U.S. delegates attended a meeting to discuss key financial topics and ongoing developments in the banking sector Abu Dhabi, 29 September, 2019: A meeting between UBF (UAE Banks Federation) on one side and the U.S. Treasury Department’s OFAC on the other was held yesterday in Dubai …
FinTech Abu Dhabi (“FinTech AD”), MENA’s leading FinTech festival, is pleased to welcome the UAE Banks Federation (“UBF”) as the Strategic Industry Partner of the Festival. FinTech AD is organised by Abu Dhabi Global Market (“ADGM”) – the award-winning international financial centre in Abu Dhabi and powered by Unbound – a global innovation platform. UBF …
FinTech AbuDhabi Announces New Strategic Partnership with the UAE Banks Federation قراءة المزيد »
FinTech Abu Dhabi (“FinTech AD”), MENA’s leading FinTech festival, is pleased to welcome the UAE Banks Federation (“UBF”) as the Strategic Industry Partner of the Festival. FinTech AD is organised by Abu Dhabi Global Market (“ADGM”) – the award-winning international financial centre in Abu Dhabi and powered by Unbound – a global innovation platform. UBF …
FinTech AbuDhabi Announces New Strategic Partnership with the UAE Banks Federation قراءة المزيد »
Seventy-four per cent of the respondents to a survey had high trust in the UAE banking sector, up from 68 per cent in 2017, said the UAE Banks Federation (UBF) in its 2018 Trust Index Survey. This is the fourth consecutive year UBF carries out this survey. The survey, conducted in collaboration with Kantar, a …
Trust Index Survey 2018, performed recently, reveals consumer confidence has increased, with 95% of UAE retail banking customers being satisfied with the performance of their banks Consumers are confident that banks are well equipped to keep up with digital innovations and contribution to the UAE’s economic development UAE enjoys higher trust in the banking sector …
Innovative technologies, like biometrics and tokenisation, can reduce financial crime, but there is no substitute for keeping your wits about you By Jamal Salah, Director General (UAE Banks Federation) When we think of financial crime and fraudsters, we often picture a complex web of criminals with an acute set of skills, hacking into intricate banking …
Financial fraudsters aren’t always as sophisticated as you’d think قراءة المزيد »
Heads of UAE Banks and other high-level US delegates participated in a meeting as part of ongoing collaboration between the two countries Abu Dhabi, 9 September 2019: H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, instructed UAE Banks Federation(UBF) to host a high-level delegation led by Sigal P. Mandelker, Treasury Under Secretary, at a dinner …
System-wide capital adequacy ratio reached 17.5 per cent in 2018 Dubai: The UAE’s banking sector remains well-capitalised, highly liquid, sound and stable — all of which is solidifying the foundations of financial stability in the UAE — the UAE Banks Federation (UBF) said in its annual report for the year 2018. Total banking assets at …
