UAE Banks Federation confirms 100% spike in use of digital banking channels

UAE Banks Federation confirms 100% spike in use of digital banking channels

UAE Banks Federation ( ) has revealed that the rate of digital banking services use through a number of banking channels has risen over 100 per cent, reflecting the advancements made by the UAE in deploying the latest technologies and customer confidence in the levels of security of these services. Speaking at the MEA Finance Banking Technology Summit, held in Dubai recently, Jamal Saleh, director general of the UAE Banks Federation (UBF), said: “This great leap in digital banking adoption was achieved in line with the strategic vision of the Central Bank of the UAE, which is characterised by its proactive approach in setting the appropriate framework to keep abreast of technological developments, and its support for the banking sector in developing innovative solutions in order to provide the best services to customers in a secure, reliable and easy-to-use environment.” Saleh added that the banking sector in the UAE is a model for digital transformation, as we have witnessed remarkable growth in the adoption of advanced banking technology and providing customers with banking services and products through various digital channels, where the increase in usage reached 100 per cent. He stressed the high levels of customer confidence in the banking