Banks, a key partner in the government's initiative Smart

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Compatibility high readiness of the banking sector in the State 

Banks, a key partner in the government's initiative Smart 

Source: Dubai - Wael Lababidi 

Date: August 12, 2014 

 

 

 

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Said Yasar Jarrar partner in «between & Company» company specialized in Business Consulting, based in Dubai that the readiness of the banking sector in the state to comply with the requirements of government smart high describing the banking sector as the biggest sectors of investment in new technologies and it is a key partner in the government smart by facilitating payment transactions and electronic banking for the benefit of citizens and residents alike. 

 

The unit importance of the role of banks in terms of the application of techniques of modern payment and dealing with payments and electronic rid of many government transactions through e-payment gateway of the Government of Dubai Smart, in addition to providing the possibility of payment of fees and utility bills through the websites of banks, as is happening today, especially since State banks is one of the leading sectors in the application of modern techniques, not to mention the spread of a strong state, which supports the government's role in smart and contribution in supporting the national economy. 

 

Knowledge Economy 

 

He pointed unit, who heads the Department of dealings with the public sector in the company in a statement (the statement of economic) that the government's initiative Smart will be established for many of the new jobs based on the knowledge economy, and that the technical development witnessed by the UAE government, thanks to the initiative will create more job opportunities for citizens in many of the vital sectors of government in the next two years. He urged the unit citizens to gather skills and academic science is sufficient to fulfill the functions of intelligent functions, especially in the area of ​​what is now known as the «data» Gate, where the 50% of the jobs in this area are still vacant two years ago because of the lack of specialized skills in this new area. 

 

He added: «The jobs of the future« smart »We must prepare for them», pointing out that the paper-handling skills of government employees are no longer sufficient, but is in need of skills to deal with modern techniques. Since more than 20% of the ports and functions of government turned into a «smart» within the last five years only. 

 

He stressed that the UAE leads the way globally in the application of electronic control limits (ports E), and pointed out that when offered the experience of government smart for the UAE in the World Economic Forum last as one of the most important experiences of the success of the role of technology in shaping and changing the features of future governments, through a lot of government officials expressed a desire to Emirati cloning experiment, and already has many of the countries applying the experience of the UAE regarding the electronic border control system, which began ten years ago and has proven successful in the state. 

 

Electronic outlets 

 

He pointed out that the main idea behind the electronic control system limits or what is known as electronic outlets was a portal to facilitate the movement of entry and exit of travelers to the state, but it has become today an integrated federal system at all entry points to the state. 

 

He added: «Today it can travelers download card to cross the plane through the smartphone and read via the electronic and even non-residents in the state they were able to use their passport-mail address is registered in the UAE for the crossing as reduce the system cost of managing ports in terms of customers and create jobs based on a knowledge-based economy such as «Director outlets electronic» and «intelligent designer programs» and «systems analysts» and others. 

 

This is the most important functions of the traditional functions of the technology and it provides travelers a lot of time and effort ». 

 

Jarrar said that future governments in the world is moving towards change drastically in terms of the form of government and way of dealing and communication with citizens, especially with the revolution of electronic applications, pointing out that the e-government applications, such as the submission of applications and business licenses and renewal of identity and the other via the Internet contributed to the cancellation of many of the transactions direct with employees and thus put an end to the suspicious trading between references and government employee such as bribery and accelerate transactions as happens in some other countries. 

 

Huge data 

 

Requires entering institutions in Game massive data, so to speak, provide three things are the first large amounts of information in a format to allow easy access and analyze these data, and secondly advanced analysis tools such as «Hadob» (Hadoop) and «that. Or. MSI. Que. AL »(NoSQL), and staff who are able to use these tools and put them into action. 

 

However, the capacity alone will not help to win, because the data is not just a huge technological initiative, but also include the establishment of the pioneers of business analytics to integrate the massive data in their organizations tightly. It is the only way to ensure the exchange of information and ideas between the business units and functions.

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Experts expect a wider spread of financial services in the Smart State Banks and companies are competing for the top of the electronic payment

Source: 

• Dubai - Wael Lababidi:

Date:  August 20, 2014

 

 

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Experts confirmed that the high frequency of competition between banks and telecommunications companies and companies online payment solutions world to win the race payment services smart, and win the largest share of the fee payment services digital, and it coincided with the great strides made by the UAE government on the path of transforming its services, which include many aspects of life to smart .

Experts have predicted that the cuts spread and organize payment services Smart State way is much greater than it is today, through several initiatives, new government linked may launch before the end of this year, to coincide with the significant growth of mobile phones equipped with Bluetooth «NFC« NFC » , and in coordination with the General Authority for regulating the telecommunications sector in the State, and without the disclosure of other information in this regard.

The many national banks currently strengthen their applications smart by launching or add payment services or transfer money, in order to keep up with the fast pace of the government's initiative smart, including project portfolio Smart, who started the Federation of UAE banks officially implemented last June, to enable customers to conduct their transactions Financial daily using their smart phones. And take advantage of the penetration rate of mobile phones in the country that is one of the highest in the world increased by 170%, in addition to improving the operational performance to higher levels, and support the market share of customers.

Despite the fact that the number of agencies shared service payment via smartphones in the e-payment gateway of the Government of Dubai does not exceed 10 points currently, but the data indicate an increase in the number of registered government applications smart reached 138% last year.

Prospective growth

He predicted Arif sandstone head of electronic channels in the Mashreq Bank, the sector is witnessing electronic payment via mobile remarkable growth, due to the increasing number of users of these services, which provide payment solutions fast and safe in terms of pay or trading via mobile phone, is no longer a mobile phone just the way To connect, communicate and send messages or even take pictures and videos only, but has become a means and technology for payment and other services, pointing out that a recent study launched by Google recently, revealed that the use of smartphones in the UAE amounted to 62%, noting that it is the highest percentage in the world. And this percentage is expected to reach 71%, with 3,752,100 people use smart phones by 2016.

He added: «during the coming period, the state will witness a race between the technology of the future global companies Kgugl, PayPal, Visa, MasterCard and others, and operators of mobile phone networks with state banks to get a position in this promising area».

The sandstone to it, and keep up with Dubai's strategy concerning the transfer of Dubai to the city the smartest in the world, the Bank took a strategic decision to increase the bank's investments increased by 250% in relation to the promotion of banking services offered by the Orient via e-channels, so as to promote the services it provides to its customers.

He added: «enjoy the Emirates with a solid infrastructure, also recorded the highest percentage for the use of smartphones in the region, from here we must continue banking smart in state growth and development, as well as the initiative« Dubai government smart »that encourage the banking sector to keep pace with this development».

The companies are trying to electronic payment such as «MasterCard» at this time to expand the adoption and acceptance of solutions «payment contactless» in the state by increasing the spread and adoption of the use of devices «Bai Bass» for payment without contact in more than 1,000 replace the President by the end of the year. This will include the famous cafes and fast-food restaurants and family restaurants, cinemas, shops, retail stores and personal care items.

Noticeable increase

He added: «saw the banking sector over the phone, specifically the application of Snape, a marked increase in the number of users during the current year. The number of users of the application Snape 135% up to July of this year, compared to the same period in 2013, that this remarkable increase will push us to continue our current policy is to invest in this area, and strengthen our position as one of the pioneers in the field of e-banking ».

A matter of time

Said Cyril Jarbua, a partner at AT Kearney, said that the conventional banks operate according to the heritage of the firm, so it is very important to go beyond the barriers of the Interior, to be able to actually make quick decisions and processors immediately, and get the techniques of information with the level of high performance and efficient, so that they can possess communication channels based bank customers in digital environments. It was only a matter of time until it becomes more digital banking deal than it is now ».

He Jarbua to the need for banks to update banking operations, and disposal of the old structures to enable the digital environment of evolution. Today, there are a few banks that have conducted significant changes to their internal systems or the foundations of the governance of their own, while the majority of the changes in their relationship with customers. The report also states that the necessary changes are those that offer flexible operations, and patterns of returns with new products and services developed, and cultural changes, all in collaboration with the local government.