Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
UAE Banks Federation Agrees Priorities for 2015

25 February 2015 - The Board of Directors of the UAE Banks Federation, a professional body representing 50 member banks operating in the UAE, has held its first meeting of the year, in Dubai. Items given high priority for discussion during the meeting were the roll out of the Federation’s Mobile Wallet project, which will contribute to the UAE’s Smart Government initiative, other areas in which banks can contribute to the UAE’s year of innovation, collaboration and coordination with the Central Bank and further areas of co-operation with the Al Etihad Credit Bureau. The meeting was headed by H.E AbdulAziz Al Ghurair, Chairman of UAE Banks Federation.

Progress made on the Mobile Wallet was reviewed by the Board, who commended UBF steering committee for its dedicated time and efforts to make the project ready for implementation, and has set an example for this unique experience, where banks under the umbrella of UBF have joined to conclude this project which will revolutionize payment services in the country.
    
The Board has also reviewed UBF activities of 2014, and noted with appreciation the consultative approach with Central Bank of UAE and its support to the banking industry on all issues, the latest of which was the launch of the Interim Margin Lending Facility. The board has also commended the launch of Al Etihad Credit Bureau services on the consumer’s reports, and discussed progress done on implementation of the regulations to appoint banking Experts.

The Board welcomed the report of the Federation on its second annual conference which drew over 250 attendees from around the region and which focused on the increasing need for innovation in a digitally connected world, and noted with interest the wish to go for the third conference this year.

Finally, the Board ratified the federation financial report for 2014, and approved the action plan and proposed budget for 2015.

Posted by : GoDubai PR Dept, -
Viewed 11169 times
PR Category : Banking & Investments
Posted on : Wednesday, February 25, 2015  7:39:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to

Related Stories


 
 
Most Viewed Press Release posted in the last 7 days
Cutting-Edge Technology Solutions from TP-Link for Work at Home or Distance Learning [7021-Views]
Isolation Survival Guide [6917-Views]
Huawei Mobile Services To Explore The Ultimate Potential On HUAWEI P40 Series [6393-Views]
"Stay Home" Instagram Sticker Launches in the UAE [6320-Views]
Marks & Spencer Introduces Its Cosy Loungewear Collection for Men [5886-Views]
Winnie Harlow x Steve Madden Collection [5649-Views]
Parmigiani Fleurier Tondagraph Slate [5179-Views]
Airbus to Produce 3D-Printed Hospital Visors in Fight Against Covid-19 [5130-Views]
Dubai Cares Joins UNESCO's Global Education Coalition to Provide a Unified Response to the... [4929-Views]
Tonda 1950 Double Rainbow Flying Tourbillon [4776-Views]
Brighten Up With KARL LAGERFELD [4551-Views]
Top Personal Trainer Thanks Dubai Sports Council for “Be Fit, Be Safe” Campaign [4459-Views]
Innovation Platform GELLIFY Forays into the Middle East [4343-Views]
Majority of UAE Residents Know How to Contain COVID-19, Confirms Kantar Study [4313-Views]
Make the Holy Month of Ramadan More Festive This Year With Our Exclusive Corporate Collect... [4270-Views]
Automobili Lamborghini Starts Production of Surgical Masks and Medical Shields for Use in ... [4215-Views]
Dubai Chamber Launches Electronic Attestation Service and Enhances Its Range of Smart Serv... [4087-Views]
Trade Bank of Iraq Announces Capital Increase to USD 3 Billion Under New Three Year Strate... [4087-Views]
Corona Virus: A Curious Guide for Courageous Kids [4069-Views]
Ralph Lauren Corporate Foundation Announces Global COVID-19 Relief Efforts [4020-Views]
CND™ and Horst M. Rechelbacher Foundation Rally Beauty Industry with Grants Supporting COV... [3989-Views]
Ahmed bin Humaid Al Nuaimi launches new incentives for AFZ companies [3941-Views]
MBRSC Extends Deadline for UAE Astronaut Programme Registrations [3880-Views]
How To Get Your Home Ramadan-Ready With Sedar Global Interiors E-Commerce [3874-Views]
Properties Investment Announces 3 Month Rent Relief for ‘The Market' Retailers [3819-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories