The UAE Banks Federation emphasized the importance of developing innovative financing solutions to support global trade, which faces numerous challenges, in line with the UAE's strategic priorities that focus on facilitating global trade to achieve sustainable development goals.
This was highlighted during the Federation's participation in a roundtable discussion on "The Future of Cross-Border Finance and Trade: Solutions Without Borders" in collaboration with SWIFT and Asia House, a global center specializing in fostering dialogue between the Middle East, Asia, and Europe.
Decision-makers and executives from financial institutions, fintech companies, and providers of trade and supply chain facilitation solutions discussed developments in cross-border payments and financing, and explored innovative solutions that enhance the speed, transparency, and security of global financial flows.
The event served as a key platform for discussing digital transformation, financial system integration, regulatory frameworks, and technological innovation as essential elements for driving efficiency and resilience in global trade and finance.
The General Manager of the UAE Banks Federation and Chairman of the SWIFT Users Committee in the UAE, Jamal Salih, stated: "The UAE plays a pivotal role in global trade and the development of advanced financial solutions, representing a global financial and banking hub and a critical link in international supply chains."
He added: "With the ongoing efforts of the UAE Central Bank in building an interconnected financial ecosystem that supports trade, investment, and innovation, we at the UAE Banks Federation are keen to strengthen partnerships with global institutions like SWIFT and Asia House to enhance dialogue and knowledge exchange, aiming to develop future solutions that contribute to the efficiency, transparency, and security of cross-border financial transactions." He also noted that SWIFT enables communication and financial information exchange in a secure and reliable environment for over 11,000 financial institutions in 200 countries, contributing to the growth of financial and commercial exchanges.
