UBF commits to accelerating digital transformation

Jamal Saleh The UAE Banks Federation (UBF) has reiterated its commitment to accelerating digital transformation and capitalising on modern technologies to provide easy-to-use banking services in a safe environment. This is in line with the directives of Central Bank of the UAE, which has adopted a comprehensive digital transformation strategy focusing on using the latest and pioneering technologies in data processing and storage and providing a secure and efficient infrastructure. UBF, the sole representative and unified voice of UAE banks, confirmed that its partnership with the International Data Corporation (IDC) Conference for banking services, recently held at the Dubai International Financial Centre, came as a part of its keenness to support constructive discussions and dialogues in advancing digital banking services and consolidating UAE’s leadership in this area. Advancing technologies Several senior executives, experts and specialists in information technology from the UAE and abroad participated in the IDC Conference, which discussed the benefits of advancing technologies in providing effective banking solutions and the transformations witnessed by the banking industry due to innovative technology adoption. Participants at the conference discussed the importance of embracing the digital revolution in the financial sector, rethinking business models and operations, shifting to new data infrastructures, […]

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