During the workshop, UBF speakers stated that, going forward, member banks
would increasingly seek to make use of QR codes to improve cheque security, introducing enhanced encryption technology to discourage fraud.
The member banks
are Banco Nacional de Desenvolvimento Economico e Social (BNDES, of Brazil), China Development Bank (CDB), State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank, of Russia) and Development Bank of Southern Africa (DBSA).
The meeting was attended by Chairman of UBF along with CEOs and Chairmen of other representative member banks
JBA will provide its Collaborative Blockchain Platform to its member banks
and other institutions as a testbed environment for applications employing blockchain technology, such as for settlement and funds transfer services, and identity and time-of-transaction authentication.
The intelligence sharing platform will enable member banks
to seamlessly collect, analyse and share data on cyber threats, while allowing for anonymous reporting and alert management.
*2 MPU (Myanmar Payment Union): This is a payment institution established in 2011 with 17 member banks
in Myanmar under the initiative of Central Bank of Myanmar for the purpose of improving the infrastructure of card payment to achieve cashless society (23 banks participated as of June 2016).
31, ABA member banks
can receive a PFM platform at 20 percent off the one-time implementation fee and the first three months of service at no charge (with a signed agreement of 48 months or more).
The UAE Banks Federation, or UBF, a professional body representing 50 member banks
operating in the country, has thrown its weight behind the two initiatives designed to take the financial sector to a higher level of competence, transparency and best practices regime.
Given its business profile as a poorly capitalised issuing vehicle for its member banks
, i.e., the Austrian Landeshypothekenbanken or their legal successors, Pfandbriefbank relies fully on the performance of its concentrated assets to service its liabilities.
MANAMA: Arab Financial Services (AFS), a regional payment processor, has launched three new products that will be offered to all member banks
BAKE[pounds sterling] (CyHAN)- Some 66 per cent (3.87 billion manats) out of the total volume of individuals' deposits (5.8 billion manats) in the member banks
of Azerbaijan Deposit Insurance Fund (ADIF) are insured, ADIF's message said on Tuesday.