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United Arab Bank goes live with Arab Monetary Fund's Buna platform - News

New initiative will assist UAB’s retail and corporate clients to send and receive cross-border multi-currency payments in a safe, cost-effective, and transparent way. ....

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FAB goes live with Arab Monetary Fund's Buna system - News

Buna offers customers an instant experience underpinned by additional layers of safety and security ....

United Arab Emirates , Abu Dhabi , Abuz Aby , Sanjay Sethi , Mehdi Manaa , Central Bank , First Abu Dhabi Bank , Arab Monetary Fund Buna , Arab Monetary Fund , Abu Dhabi Bank , Global Transaction Banking ,

Analysis: Why Baft has faster cross-border payments in its sights

The Bankers Association for Finance and Trade (Baft) has released a new whitepaper that provides recommendations and key considerations for the development of high-speed cross-border payments around the world.
Produced by Baft’s cross-border faster payments working group, which is made up of 24 members based in North America, Europe, the Middle East and North Africa and the Asia Pacific region, the paper, titled
Enabling Faster Payments Across Borders, is the first step of Baft’s larger strategy to facilitate global faster payments by encouraging the designers of national and regional payments systems to include the capability at the outset.
“Baseline standards and processes must be established to address the open issues that make real progress on cross-border faster payments difficult to attain,” says Samantha Pelosi, senior vice-president for payments and innovation at Baft and co-chair of the working group. “These issues fall into three broad categories o ....

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