VIRTUAL SIGNING CEREMONY OF MEMORANDUM OF UNDERSTANDING BETWEEN UAB AND WSBI

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VIRTUAL SIGNING CEREMONY OF MEMORANDUM OF UNDERSTANDING BETWEEN UAB AND WSBI

نشاط الاتحاد
العدد 492 - تشرين الثاني/نوفمبر 2021

VIRTUAL SIGNING CEREMONY OF MEMORANDUM OF

UNDERSTANDING BETWEEN UAB AND WSBI

 

The Union of Arab Banks represented by Secretary General Mr. Wissam H.Fattouh, and the World Savings and Retail Banking Institute represented by Managing Director Mr.Chris De Noose have signed a memorandum of understanding (MOU) at a virtual ceremony.

 The two parties aim to jointly drive economic development and business growth on both global and regional level, and to support the financial services industry in the countries that are home to UAB’s members as well as WSBI members.

The MOU coverage is focused on the areas of, among others: Exchanging the expertise between WSBI and UAB, in retail and saving banking, financial inclusion, and digital banking transformation, coordinating research at a global, regional, and national level, about retail banking, organizing events on local, regional, and international levels, developing joint policy recommendations.


Wissam H.Fattouh , Secretary General of  UAB said : “ this collaboration paves the path for an important stage for the future of retail and saving banks in the Arab region, as the banking industry is adapting with the New Normal, and in light of Covid-19 that continues to change retail banking, which is moving towards more digitalzation and further adoption of financial technology.

 Chris De Noose, Managing Director of WSBI said : The WSBI has over 100 members with a presence in almost 80 countries.However, the WSBI’s footprint in the Middle East region is limited. The collaboration with UAB would help bringing the expertise of WSBI member banks to the region.