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 6185 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
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks [14182-Views]
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift [13512-Views]
Great offers this February on Glambeaute.com [13341-Views]
Ralph Lauren offers the spring 2019 collection [12950-Views]
Mesmerizing Gift Sets and Perfume for Her [12615-Views]
Valentine's Day Gifting Guide [11724-Views]
Introducing Supergirl Make-Up [11675-Views]
Classic Smoky Eyes with Essence [11560-Views]
The Rado HyperChrome Ultra Light [10553-Views]
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February [10529-Views]
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators [10187-Views]
The Valentine watch collection by Coach [9504-Views]
GUESS Launches JEANS SS19 Collection for Women [9418-Views]
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And Hamilton a... [9248-Views]
GUESS Launches Kids Collection [9138-Views]
212 VIP Extra Limited Edition [7948-Views]
Emirates Post commemorates silver jubilee of Emirates Center for Strategic Studies and Res... [6332-Views]
Deadline extended to register for first ever Dubai Corporate Sports Championship [6289-Views]
Billy is 40 years old.. [6216-Views]
Dubai's first building biologist receives global recognition [5789-Views]
The Fall 2019 Michael Kors Collection Runway Show [5642-Views]
NuFACE launches in Bloomingdales and Harvey Nichols! [5514-Views]
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, before moving... [5502-Views]
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based, as-a-serv... [5356-Views]
Pirelli gives New Ice Zero 2 Studded Tyres Their Debut on Ice in Sweden at the World Skiin... [5338-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories