UAE Banks Federation accelerates digital transformation for banking services
Aligned with the Central Bank of the UAE’s comprehensive digital transformation strategy, UBF partnered with the International Data Corporation Conference to advance discussions on digital banking services and solidify the UAE’s leadership in this domain.
The UAE Banks Federation (UBF) is committed to accelerating digital transformation and utilising modern technologies for user-friendly banking services in a safe environment. This aligns with the Central Bank of the UAE’s strategy for comprehensive digital transformation.
UBF partnered with the International Data Corporation (IDC) Conference to support discussions on advancing digital banking services and consolidate the UAE’s leadership in this area.
The conference highlighted the importance of embracing the digital revolution in the financial sector, rethinking business models, and prioritising cybersecurity. It also emphasised the need for optimal technology frameworks, leadership in digital transformation, and secure financial infrastructure. The Director General of the UBF stated that the UAE banking sector aims to expand the digital revolution, enhance technological adoption, ensure secure banking services, and ultimately promote financial inclusion.
The annual index of the UAE Banks Federation shows a significant rise in customer confidence, reaching 84% in 2022. This places the UAE in the second position globally for customer trust, reflecting the positive impact of their initiatives.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.