Union of Arab Banks

Finastra and Union of Arab Banks to accelerate digital banking together

Retrieved on: 
Monday, March 21, 2022

DUBAI, UAE, March 21, 2022 /PRNewswire/ -- Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers. The partnership combines Finastra's universal banking solution with Union of Arab Banks' extensive ecosystem of banks. The resulting model digital bank, which will be conceptualized, created and developed by Finastra and UABdigital, the Union's digital arm, will be licensed to Union of Arab Banks members to help them accelerate digitalization while minimizing costs and time to market.

Key Points: 
  • Partnership will see the development of a model digital bank, licensed to Union of Arab Banks members to help them transition into digital banking
    DUBAI, UAE, March 21, 2022 /PRNewswire/ -- Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers.
  • The partnership combines Finastra's universal banking solution with Union of Arab Banks' extensive ecosystem of banks.
  • We are excited to work with the Union of Arab Banks to roll out a model digital bank for the Arab banking community."
  • The Union of Arab Banks consists of approximately 360 member institutions from the Arab League member states, including banks, central banks, banking associations, and banking financial institutions, with its Board of Directors comprised of 20 high-level dignitaries, representing 20 Arab states.

Finastra and Union of Arab Banks to accelerate digital banking together

Retrieved on: 
Monday, March 21, 2022

DUBAI, UAE, March 21, 2022 /PRNewswire/ -- Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers.

Key Points: 
  • DUBAI, UAE, March 21, 2022 /PRNewswire/ -- Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers.
  • The partnership combines Finastra's universal banking solution with Union of Arab Banks' extensive ecosystem of banks.
  • We are excited to work with the Union of Arab Banks to roll out a model digital bank for the Arab banking community."
  • The Union of Arab Banks consists of approximately 360 member institutions from the Arab League member states, including banks, central banks, banking associations, and banking financial institutions, with its Board of Directors comprised of 20 high-level dignitaries, representing 20 Arab states.

Co-Author of Liechtenstein Blockchain Act Speaks to Government Leaders in Washington

Retrieved on: 
Tuesday, January 11, 2022

Washington, D.C., Jan 11, 2022 - (ACN Newswire) - On January 27-28, 2022, Government leaders come to Washington to learn from Liechtenstein's experiences implementing blockchain.

Key Points: 
  • Washington, D.C., Jan 11, 2022 - (ACN Newswire) - On January 27-28, 2022, Government leaders come to Washington to learn from Liechtenstein's experiences implementing blockchain.
  • In January of 2020, the Liechtenstein Token and Trusted Technology Service Provider Act (TVTG) (known as The Blockchain Act), became enforced as law.
  • With this new law, Liechtenstein became the first country to have a comprehensive regulation of the token economy.
  • The Token Economy defines a very important development in the digitalization of our economy and society, driven by blockchain technology.

European and Arab Banking Associations with nearly 4,000 Member Banks Execute Digital Economy Communique With GCEL Towards Creating A New USD 7.5 Trillion Financial Services Opportunity

Retrieved on: 
Wednesday, January 15, 2020

The European Banking Federation (EBF) , the Union of Arab Banks (UAB) , and international associations signed a Digital Economy Communique with the Global Coalition for Efficient Logistics (GCEL) at the 2019 International Banking Summit.

Key Points: 
  • The European Banking Federation (EBF) , the Union of Arab Banks (UAB) , and international associations signed a Digital Economy Communique with the Global Coalition for Efficient Logistics (GCEL) at the 2019 International Banking Summit.
  • View the full release here: https://www.businesswire.com/news/home/20200115005820/en/
    The European Banking Federation (EBF), the Union of Arab Banks (UAB), and international associations signed a Digital Economy Communique with the Global Coalition for Efficient Logistics (GCEL) at the 2019 International Banking Summit.
  • (Photo: Business Wire)
    The Communique embraced the deployment of an innovative Digital Economy Platform that digitizes the global value chains in the USD 150 trillion B2B marketplace generating a new USD 7.5 trillion financial services opportunity by 2035, especially benefiting SMEs.
  • The DEP will reduce business risks, lower the cost of trade by USD 5.9 trillion, increase global trade by USD 6.6 trillion and generate nearly 500 million jobs by 2035.

Iraq Central Bank Governor Receives Award in Paris

Retrieved on: 
Thursday, June 28, 2018

PARIS, June 28, 2018 /PRNewswire/ --Today, the Governor of the Central Bank of Iraq Mr. Ali Mohsen Ismail Al-Alaq received an award issued by the Union for Arab Banks for being this year's best central bank governor among the Arab states.

Key Points: 
  • PARIS, June 28, 2018 /PRNewswire/ --Today, the Governor of the Central Bank of Iraq Mr. Ali Mohsen Ismail Al-Alaq received an award issued by the Union for Arab Banks for being this year's best central bank governor among the Arab states.
  • This award, which the Iraq Private Banks League would like to recognize, was presented at the 2018 International Arab Banking Summit taking place in Paris, France, under the patronage of the President of the French Republic Mr. Emmanuel Macron.
  • "I am truly humbled to accept this award from the Union of Arab Banks and to be recognized by such an esteemed group of my peers," said Governor of the Central Bank of Iraq Ali Mohsen Ismail Al-Alaq.
  • Governor Al-Alaq also advanced a number of efforts and achievements to enhance Iraq's anti-money laundering/countering the financing of terrorism (AML/CFT) regime.

Iraq Central Bank Governor Receives Award in Paris

Retrieved on: 
Thursday, June 28, 2018

PARIS, June 28, 2018 /PRNewswire/ --Today, the Governor of the Central Bank of Iraq Mr. Ali Mohsen Ismail Al-Alaq received an award issued by the Union for Arab Banks for being this year's best central bank governor among the Arab states.

Key Points: 
  • PARIS, June 28, 2018 /PRNewswire/ --Today, the Governor of the Central Bank of Iraq Mr. Ali Mohsen Ismail Al-Alaq received an award issued by the Union for Arab Banks for being this year's best central bank governor among the Arab states.
  • This award, which the Iraq Private Banks League would like to recognize, was presented at the 2018 International Arab Banking Summit taking place in Paris, France, under the patronage of the President of the French Republic Mr. Emmanuel Macron.
  • "I am truly humbled to accept this award from the Union of Arab Banks and to be recognized by such an esteemed group of my peers," said Governor of the Central Bank of Iraq Ali Mohsen Ismail Al-Alaq.
  • Governor Al-Alaq also advanced a number of efforts and achievements to enhance Iraq's anti-money laundering/countering the financing of terrorism (AML/CFT) regime.