GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

April 20, 2017 - Dubai, UAE: The UAE Banks Federation (UBF), a professional body representing 49 member banks operating in the UAE, today hosted a high-level delegation from SWIFT, the global provider of secure financial messaging services. The delegation – led by Mr. Alain Raes, Chief Executive for Europe, Middle East and Africa and Asia Pacific for SWIFT – met with UBF's executive management and chairmen of concerned technical committees to discuss key issues and challenges facing the UAE's banking industry including cybersecurity and the future of cross-border payments.

During the meeting, Mr. Raes updated UBF members on the SWIFT 2020 Strategy which aims at ensuring continued operational excellence in its core financial messaging services, as well as the recently-introduced Customer Security Program, a dedicated program helping customers to reinforce the security of their SWIFT-related infrastructure. The program supports customers in strengthening their cyber risk management in the face of persistent threat of attacks.

Mr. Raes also gave an overview of SWIFT's global payments innovation (gpi) initiative, which will improve corporate customers' experience of correspondent banking by increasing the speed, transparency and predictability of cross-border payments. 

Commenting on the SWIFT delegation's visit, Mr. Nasser Sarris, Director General, UAE Banks Federation, said, “We are very pleased to welcome Mr. Raes and his team to the UAE and to have the opportunity to discuss with them some of the most pressing issues facing our industry. The meeting comes in line with UBF initiatives to introduce a series of measures aimed at tightening up security throughout the banking ecosystem. Building closer collaboration with SWIFT and exploring the different ways we can benefit from their global expertise in cybersecurity and risk and management is key to ensuring that these initiatives deliver the desired level of results.”

Mr. Raes added, “SWIFT is delighted to be working closely with the UAE Banks Federation as it drives innovation in the UAE. To support the global financial community, we develop products and programs that fulfill industry requirements. As such, our Customer Security Program is helping the community to secure the broader ecosystem while our global payments innovation initiative is enabling the industry to rejuvenate correspondent banking.”

 



Posted by : GoDubai Editorial Team
Viewed 9760 times
Posted on : Thursday, April 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Doha Bank achieves 2.9% profit growth with impressive ratios
Next Story : GCC Islamic Banks Stay On Course Through Glum Operating Conditions, Says S&P Global Ratings Report
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
du Distributes Eid Gifts at Al Jalila Children's Hospital
Al-Futtaim ACE celebrates Eid with exciting offers and activities
Marchon Eyewear Summer 2018 Collections
24 hour Mega Sale at Dalma Mall!
GUESS Trend Alert | The Summer Blues
Hair Rituel by Sisley Now available at Paris Gallery
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Beautiful Freaks
Alfahim Announces New Three-year Partnership With UAE Triathlon Federation
Danube Properties launches Dh550 million Lawnz project at International City, ad...
Boss watches presents Master Collection
Samsung Introduces Sunrise Gold and Coral Blue Editions for the Galaxy S9 and S9+
UAE Team Emirates Blend Youth and Experience as They Announce Line-up for Italia...
Back to the 90s with GUESS Originals
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
RAYMOND WEIL Freelancer ACDC Limited Edition
Shop and earn Skywards Miles at The Dubai Mall
The Timekeeping Starts Now!
The Rado True Open Heart Automatic
Kitchen Design from a Single Source: GROHE Sets Holistic Design Accents with Its...
What's better than a good breakfast on your Birthday? One that is free!
Nikai Group supports Al Noor Centre with assistive technology devices
Tommy Hilfiger introduces latest SS18 women's watch collection
Keep cool with Marks & Spencer's linen collection
Realty exhibition brings plethora of investment opportunities for expat Indians
Skyline Suhoor Night 2018
TAG Heuer celebrates the 50th anniversary of the Gulf victory in the 24 Hours of...
Dubai Tourism Launches State-of-the-art Airport Installation to Inspire Dxb Tran...
The 22nd edition of Indian Property Show to take place in Dubai from 21-23 June 2018
Maserati joins Cash & Rocket Tour 2018
Eberhard & Co. Scafograf Black Sheep
Learn to enhance your body and home energy quotient
EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA
Fatima Bint Hazza Inaugurates Abu Dhabi Ladies' Club
Al Maya Group welcoming the Dh.50 billion stimulus package announced by Government
Saint Honore Allure Lady-Charming colour
Make a style statement on your wrist
Sharjah's Economic Realities Focal Point of Statistics and Community Development...
Orolia Awarded $34 Million Contract to Deliver Personnel Recovery Devices to the...
KHDA accredited Parent Education Courses equip parents with positive parenting tools
Up to 90% Off: Abu Dhabi 24-hour Mega Sale Kick Offs Friday at 10am
Abu Dhabi International Airport Achieves Sustainability Milestone
Winning Wednesday: UAE Team Emirates Celebrate Two Podiums in Two Races
Emirates Motor Company wins prestigious global award for outstanding customer se...
TAG Heuer back at the 24 Hours of Le Mans
Dubai Customs showcases its experience to Chinese delegates
A Fresh New Look to the World's Oldest Islamic Bank
Drive home in a Dodge RAM, dance with your favourite Looney Tunes stars and rev...
Hyperloop Transportation Technologies Signs Agreement for Commercial System in U...
Connected aircraft to save aviation industry $15 billion per year and 21.3 mill...