UAE’s Central Bank launches new corporate website with interactive digital services

The Central Bank of the UAE (CBUAE) has launched a new corporate website offering various interactive digital services.

The launch of the new website is part of CBUAE’s transformation initiatives and strategy to communicate effectively with consumers, partners and service users.

It provides the latest financial and monetary news, research and statistics on the UAE and CBUAE regulations.

According to the state news agency, WAM, the website design is in line with the latest international standards to enhance users’ experience through easy navigation and advanced search and filter features and to ensure interactive communications.

The website contains dedicated sections related to the Museum of Coins and Notes, the Cyber Security Center of Excellence to develop a secure UAE financial sector infrastructure, and the Consumer Education Centre to promote financial awareness.

In addition, it provides various digital services, such as the purchase of commemorative coins and museum visit booking, along with other interactive platforms.

In other news, in February, Accenture was selected by the CBUAE to lead a consortium of companies to help execute its National Payment Systems Strategy (NPSS). In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years.

Read: CBUAE selects Accenture to develop UAE’s National Instant Payment Platform

In August, CBUAE issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for licensed financial institutions (LFIs) on the risks related to payments, and the preventive measures that LFIs should apply in order to mitigate such risks.

The guidelines, which came into effect on August 1, will further LFIs’ understanding of risks and effective implementation of their statutory AML/CFT obligations and takes Financial Action Task Force standards into account.

Read: Central Bank of UAE issues new guidelines on anti-money laundering