Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Senior bankers gather for SWIFT UAE User Group forum
 
Senior bankers gather for SWIFT UAE User Group forum

Event hosted in partnership with the UAE Banks Federation addresses the opportunities and challenges facing the banking industry

Dubai, UAE, June 7, 2017:  Over 60 senior executives from leading banking and financial institutions in the UAE gathered recently in Abu Dhabi for a forum for the SWIFT UAE User Group. Hosted by SWIFT, the global provider of secure financial messaging services, in partnership with the UAE Banks Federation (UBF), a professional body representing 48 member banks operating in the UAE, the meeting highlighted the main opportunities and challenges facing the banking industry as well as the need to foster greater collaboration to face payment fraud and enhancing the overall cybersecurity environment.

Welcoming attendees, Mr. Nasser Sarris said in his opening remarks, “It’s great to see many important stakeholders come together on a common platform to discuss the way forward for our industry. On behalf of the UAE Banks Federation, I thank them for their continuous support to build a robust and secure financial ecosystem. We look forward to many more fruitful interactions and further collaboration with SWIFT as we continue our focus toward enhancing banking security standards in the UAE.”

Mr. Khaled Moharem, Head of Middle East & North Africa, SWIFT, said: “SWIFT key priority is to ensure that our network, products and services continue to meet the evolving needs of our customers. The National Member Groups play a very significant role in this context. The meetings are an opportunity for the community to provide valuable feedback so that SWIFT can proactively develop solutions for local markets. We are delighted to co-host these events with the UAE Banks Federation, being a pivotal partner for SWIFT in the region.”

During the meeting, Mr. Arnaud Boulnois, Global head of product management, provided attendees with an overview on SWIFT’s global payments innovation (GPI) initiative. Designed to meet customer expectations for speed and transparency in cross-border payments, SWIFT GPI enables banks to provide end-to-end payments tracking. SWIFT has developed and securely hosted a Tracker database ‘in the cloud’, to give end-to-end visibility on the status of a payment transaction from the moment it is sent until it is confirmed, thus bringing in greater predictability to cross-border payments.

As the threat landscape adapts and evolves daily, Mr. Boulnois stressed the need for both SWIFT and its customers to remain vigilant and proactive over the long term. He also invited the attention of UBF members to SWIFT’s newly-introduced Customer Security Program. A dedicated program aimed at helping customers reinforce the security of their SWIFT-related infrastructure, the Customer Security Program provides financial institutions with the necessary tools for strengthening their cyber risk management in the face of persistent threat of attacks.


Posted by : Dubai PR Network Editorial Team
Viewed 10431 times
PR Category : Banking & Investments
Posted on : Wednesday, June 7, 2017  12:25:00 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.
Previous Story : Noor Bank Scoops Several Accolades at CPI Financial's Banker...
Next Story : ICS BANKS Treasury System from ICSFS Recognized as Sustainab...
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
Meet the FOREO family as they share their top tips for radiant skin during the holy month [12218-Views]
LOOTAH Perfumes launches four new springtime fragrances for Him and Her [10834-Views]
Three Trends to Try with Palladio Beauty [8979-Views]
LOOTAH Perfumes launches fragrant oud ‘Ambwood' [8961-Views]
Lip Stick to my Heart - GOSH New Collections [8150-Views]
Carrera UAE Exhibition [8125-Views]
bebe Launches First Ever Ramadan Capsule Collection [7820-Views]
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show [7521-Views]
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series [7515-Views]
Care for your baby's sensitive skin with Corine de Farme [7277-Views]
Ramadan-Inspired Sandro SS18 Pieces [7076-Views]
New Master Maserati Driving Courses for 2018 [6942-Views]
Toyota Rush makes a new beginning in the UAE [6869-Views]
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan [6808-Views]
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan [6710-Views]
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched [6454-Views]
Enhance your natural beauty while staying active with The Body Shop's Sportify Make-up Lin... [6368-Views]
Do Explore More with Pandora [6307-Views]
Global Light and Power Celebrates 10 Years with the Opening of their New Showroom in Dubai [6283-Views]
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum [6271-Views]
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece [6234-Views]
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet Consultat... [6216-Views]
Marchon Eyewear New Collections [6070-Views]
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening of Her Fl... [5862-Views]
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns [5844-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories