SWIFT outlined the benefits of rich data and stressed the importance of adopting new ISO 20022 messaging standards Abu Dhabi,15 July 2020: The UAE Banks Federation (UBF) in partnership with SWIFT, the leading provider of secure financial messaging services, today held a virtual meeting with UAE SWIFT user’s group, as well as the importance of adopting …
May 2020:The CEO’s Advisory Council of the UAE Banks Federation (UBF) held a virtual meeting today to discuss the gradual reopening of the economy, and how UAE banks will play a key role in leading the recovery from the COVID-19 pandemic by continuing to provide significant relief to the people and businesses that need it. …
Dubai, 18 May 2020: Sheikh Rashid Bin Humaid Al Nuaimi hosted His Excellency AbdulAziz Al Ghurair, Chairman of the UAE Banks Federation, for the third virtual Ramadan Council Session to discuss the effects of COVID-19 on the banking sector and the UAE economy. This yearly council discusses topics relevant to various segments of the UAE and …
• Joint initiative aims to educate and equip consumers with knowledge to protect themselves against fraudsters in these unusual circumstances • Campaign will run until end of year and cover different types of fraud, including COVID-19 related scams • First official online page in the UAE for UAE bank customers to report fraud UAE, 15 …
H.E. AbdulAziz Al Ghurair confident that government and Central Bank of the UAE measures are sufficient to help economy navigate through difficulties UAE, 12 April 2020: His Excellency AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UBF), today held a video press conference to discuss the effects of COVID-19 on the banking sector, and the …
Commenting on the Central Bank of the UAE’s announcement to raise the value of the economic stimulus package to AED 256 billion, His Excellency AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UBF), stated that the move will further mitigate the impact of the Covid-19 pandemic on the UAE economy. By increasing liquidity in the …
The Board of Directors (BoD) of UAE Banks Federation (UBF) held its first meeting of the year today via Videoconferencing to discuss the latest developments in the UAE banking sector as well as progress of key concerns. During the meeting, the BoD discussed UBF’s current priorities, which in light of the worldwide outbreak of COVID-19 …
UBF holds its Board of Directors Meeting Virtually Read More »
Abu Dhabi (27 March 2020): In line with our efforts to prevent the spread of Coronavirus (COVID-19) and to ensure the health and safety of banks’ and financial institution’s employees and customers, the Central Bank of the UAE (CBUAE) and UAE Banks Federation (UBF), clarified prioritising working remotely for the majority of the workforce in banks, …
Abu Dhabi (March 19th, 2020): The Central Bank of the UAE (CBUAE) with the support of UAE Banks Federation (UBF) strongly encourages banking customers to take advantage of digital and online banking services as a measure to protect the health and safety for UAE residents. CBUAE and UBF recommendations are urging citizens and residents in the …
UBF and CBUAE encourage customers to use online banking services Read More »
Two technical committees (Fintech and Consumer Protection) Three advisory committees (Compliance, Risk, and Information Security) introduced Abu Dhabi: UAE Banks Federation (UBF) today announced that it has launched two technical committees (Fintech and Consumer Protection) and three advisory committees (Compliance, Risk, and Information Security) to promote the growth and transformation of the UAE banking sector. …
