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.
Home >> Banking & Investments Section
UAE Food Bank and Taya Art Production launch ‘Cook of Thousand Meals' initiative ...
Dubai Police claim wheelchair basketball crown at 11th Nad Al Sheba Sports Tourn ...
Mercato Hosts Special Iftar Event for Students of Determination from Rashid Cent ...
Tag Heuer Ambassador And Skateboarding World Champion Sky Brown Soars Above Towe ...
Students of Sharjah Performing Arts Academy Perform Their Own Production and Exe ...
Ski Dubai, in partnership with Dubai Sports Council, to host DXB Snow Run on 19 ...
Lola Cars returning to top-tier global motorsport with technical partners Yamaha ...
Nissan Becomes First Formula E Manufacturer To Commit To Gen4 Until At Least 203 ...
Mandarin Oriental And Its Global Celebrity Fan, Alia Bhatt, Host The Hope Gala, ...
Hotel Indigo Redefines Art Experience with Launch of Keerthana's First Supper
Roghani, Golestan claim Padel crown at 11th Nad Al Sheba Sports Tournament
ADNOC Distribution Shareholders Approve New Five-Year Dividend Policy As Company ...
flydubai adds two destinations in the Kingdom of Saudi Arabia
Media Statement on the occasion of Zayed Humanitarian Day: Humaid Al Dhaheri, Ma ...
Snap, Savour and Win: Dubai Food Festival and Gulf Photo Plus Launch Photograph ...
Greenpeace MENA Reveals North Africa's Polluters- Time for Urgent Action!
Hotpack Global MD emerges Founding VC of Paper and Tissue Business Group at Duba ...
Dubai Shopping Malls Group Set To Delight Shoppers With New ‘Shop. Scan & Win' E ...
Power to progress: Kia K4 next-generation compact sedan sets new design standard ...
Etihad Rail signs agreement for waste management services with BEEAH Group