Etihad Credit Bureau Boosts UAE Banking with Smart Data

Photo: WAM

The UAE Banks Federation (UBF) has highlighted how important the Etihad Credit Bureau (ECB) is in supporting the growth of the country’s banking and financial sector. UBF says that the Bureau’s efforts are helping to make the UAE a leading financial and commercial center in the world.

During a special event called the “Partner Engagement Forum” at the Emirates Institute of Finance in Dubai, UBF appreciated the ECB for collecting and analyzing credit data. This data helps individuals, businesses, and banks make smarter financial decisions. Thanks to ECB’s work, financial decisions in the UAE are based on accurate and trusted information.

UBF also said it will continue to work closely with ECB to create new solutions and services that meet the needs of people and businesses. This partnership is helping to build a strong and growing financial system in the UAE.

Jamal Saleh, Director-General of UBF, said, “Accurate information is essential for the growth of the financial sector. Since it began, the Etihad Credit Bureau has played a big role in the UAE’s economic development by giving banks and people the right tools to manage money and risks wisely.”

He added that the UAE’s banking sector is doing well and has helped the country gain global recognition in finance. The partnership with ECB is part of UBF’s efforts to make banking in the UAE smooth, secure, and competitive by using advanced technologies and focusing on transparency.

Saleh also pointed out that these efforts are seen in the UAE banking sector’s high Trust Index score of 90%, which is better than many other developed countries.

Marwan Ahmad Lutfi, Director-General of ECB, said the event was special as it marked 10 years of ECB serving the UAE’s financial system. He said ECB has always worked closely with banks through the UAE Banks Federation. By understanding what banks need, the Bureau creates tools to help them manage risks and make smart decisions.

He added that the success of banks is important because it supports the health of the entire financial system and strengthens the UAE economy.

UBF and all member banks will continue working with ECB to improve the financial sector. Their focus remains on using reliable data and strong governance to offer high-quality banking services that meet customer expectations.