UAE Banks Federation (UBF) has launched two new technical committees (Fintech and Shopper Safety) and three advisory committees (Compliance, Threat, and Info Safety) to advertise the expansion and transformation of the UAE banking sector. Because the official consultant physique of the UAE banking trade, UBF launched the brand new committees to reinforce the sector’s ecosystem, and assist each banks and the area people.
The launch of the Fintech Committee and Shopper Safety Committee will increase the variety of UBF’s technical committees to 22. Aligned with the UAE’s Imaginative and prescient 2021 to transition to a knowledge-based financial system, the Fintech Committee has been launched to foster an setting conducive to product and partnership innovation within the banking trade, and enhance capabilities in expertise to realize sustainable progress. The Shopper Safety Committee has been launched to take care of all Shopper Safety points within the UAE banking sector, and will likely be a proactive discussion board for UBF, its member banks, and Central Financial institution of UAE to suggest and drive enhancements to insurance policies and procedures.
The Compliance Advisory Committee, Threat Advisory Committee, and Info Safety Advisory Committee are the UBF’s first advisory committees launched. Comprising banking representatives, they’ve been launched to advise their respective principal technical committees, and produce distinctive data and expertise which increase the primary committees by way of knowledgeable steering and assist.
