Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Refinitiv Partners with Union of Arab Banks to Create Strategic Networking Platform
 

Partnership helps develop cooperation among more than 360 financial institutions across MEA markets

Dubai, UAE, November 14, 2018:  Refinitiv, formally the Financial & Risk business division of Thomson Reuters, announced a partnership with Union of Arab Banks (UAB) to develop a strategic networking platform for UAB’s members, the financial and compliance community across Middle East and Africa (MEA).

The partnership develops cooperation on a strategic dimension that benefits more than 360 financial institutions in MENA. As part of the agreement, UAB will leverage Refinitiv’s network of financial crime industry experts and enhance the quality of UAB’s training workshops and seminars. Refinitiv will gain access to UAB’s vibrant network of financial institutions and will drive industry engagement programs for UAB members. The collaboration creates a unique networking platform for financial and non-financial associations, regulators, and supervisory agencies within MEA and across the globe. 

The partnership will also include sharing valuable information such as research centres, facilitating interaction with government entities, and holding common forums to explore growth opportunities across the financial industry in the region. 

“The collaboration comes in line with our vision to share best practice with the Arab financial and banking community. Both parties will exchange technical advice and training programs. This is crucial for the industry as we see significant advances in both private sector financial technology as well as technology supporting public sector regulatory compliance,” said Wissam Fattouh, Secretary General, Union of Arab Banks. 

“Our partnership will help promote a sound and vibrant regulatory, governance, risk and compliance culture in the region. We continue to see increasing compliance activity as firms and regulators leverage automation and new technologies to combat financial crime,” said Nadim Najjar, Managing Director, Middle East and Africa, Refinitiv. 

“Financial institutions are changing the way they manage data as they move to implement new workflows. Our collaboration with UAB will help inform the industry, facilitate the adoption of smarter applications, and promote ethical behaviour in the financial and baking practice,” concluded Mr. Najjar.


Posted by : Dubai PR Network Editorial Team
Viewed 10620 times
PR Category : Banking & Investments
Posted on : Wednesday, November 14, 2018  10:33:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Takaful Emarat (‘the Company') reports financial results for...
Next Story : The Central Bank's Higher Sharia Authority Discussed the Sha...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier's New Tondagraph GT Rose Gold Blue [5338-Views]
essence Essentials For your Eyes! [4084-Views]
Achieve Pore-fect Skin With the Face Shop's Latest Drop [3792-Views]
Versus Versace Republique - VSP1V0519 [3247-Views]
Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn [3218-Views]
KARL LAGERFELD – Back to Black [2927-Views]
Make Up for Ever is Breaking Through With a Lipstick Revolution With Rouge Artist [2644-Views]
Three GEMS Education Schools in Dubai Celebrate a Combined 75 Years of Quality Education [2628-Views]
OMEGA Goes Platinum-Gold For New James Bond Watch [2608-Views]
Huawei is Set to Dramatically Alter the Entry Level Smartphone Segment with the Launch of ... [2448-Views]
Indian shuttlers make a clean sweep at Dubai Sports Council's Community Club's Tournament [2390-Views]
How to Work the Hottest Fall Makeup Trends on a Budget [2341-Views]
Sharjah's Hamriyah Free Zone Inks Deal With Lamprell, Leading Provider of Fabrication, Eng... [2230-Views]
Flydubai Uses Cutting-edge Technology by ASD to Track and Clean Aircraft Seat Covers [2214-Views]
Dubai Chamber Whitepaper Examines Growth Potential of UAE Space Economy [2173-Views]
That Hair Tho – THT Offers Complimentary Haircuts for Those Who Have Lost Jobs, Have Job I... [2148-Views]
Expo Centre Sharjah Delays Watch & Jewellery Middle East Show (WJMES) to April 2021 [2140-Views]
The Time to Prepare for COVID-19 Vaccine Transport is Now [2136-Views]
Free Me – The First Naturally Kind Mosquito Repellent Made in the UAE [2120-Views]
Land Rover Defender Gains Plug-in Hybrid Electric Power, Six-Cylinder Diesel and New X-dyn... [2112-Views]
Euronews Investigates How the UAE is Using Artificial Intelligence in Healthcare and Educa... [2091-Views]
Medcare Partners with InterSystems to Implement World-Class Healthcare Information System [2066-Views]
Dabur Herb'l Launches Natural Gel Toothpaste With the Freshness of Aloe Vera [2046-Views]
Prevention is Better than Cure, Especially with Lice! [1972-Views]
Pogacar Reclaims White Jersey and Climbs to 2nd in General Classification [1964-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories