UAE’s SWIFT User Group discusses promoting secure banking system

UAE’s SWIFT User Group discusses promoting secure banking system

ABU DHABI - UAE's SWIFT User Group Steering Committee & National Member Group (SUGSCNMC) held its 2021 Annual General Meeting (AGM), virtually yesterday. The meeting was presided over by Jamal Saleh, Chairman of UAE's SWIFT User Group and Director General of UAE Banks Federation (UBF). The attendees discussed the latest SWIFT updates relevant to the UAE banking sector, assessed progress of SUGSCNMC's action plan for 2021, and explored collective actions and strategies to improve payment performance and promote a robust, efficient and secure banking system in the UAE. The meeting also discussed the participation of member banks in the upcoming Sibos 2021 -the annual conference organised by SWIFT for the global financial industry which is scheduled to take place as a digital-only event in October 2021 before returning to a physical event for the 2022 edition to be held in Amsterdam. SUGSCNMC members approved the minutes of their last meeting which was held on 14th of June 2020, reviewed activities and outcomes during the year 2020, and approved the budget for 2021, as well as the audited financial statement for the year ending 31 December 2020. A key topic of discussion at the AGM was SWIFT's new Training Centre in