Emirates Institute For Banking And Financial Studies, National Banking Institute Of Nepal Explore Opportunities To Transfer UAE's Banking, Financial Expertise To Nepal

Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, welcomed the CEO of National Banking Institute (NBI), the banking academy of Nepal. During the visit, EIBFS shared its expertise in banking and financial studies and best practices in the UAE banking and financial sector with NBI.

Jamal Al Jassmi, General Manager of EIBFS, Noura Abbas Ahmed, Director of the Program Administration & Delivery Division at EIBFS, and other senior officials from the Institute received the delegate.

Sanjib Subba, CEO of NBI, was briefed on the latest technological advancements with a focus on the role artificial intelligence and blockchain play in the industry.

He also explored opportunities for Nepal to benefit from the experience of the UAE's mature banking sector.

On the sidelines of the visit, Jamal Al Jassmi and Sanjib Subba, signed a memorandum of understanding (MoU) with the aim of establishing a mutually beneficial strategic alliance to develop human resource in the areas of education, training and research.

Speaking about the MoU, Jamal Al Jassmi said: "We believe that the UAE is ideally positioned to share its wealth of banking and finance expertise with other countries. We were delighted to host the Nepal delegation last year where EIBFS hosted a group of 10 banking executives form various banks in Nepal.  This opportunity offered NBI officials an in-depth understanding of the advanced banking education at EIBFS that prepares the trainees to cope with the demands of the highly competitive finance industry in the UAE."As a key player in advanced financial education and capacity-building, EIBFS is the right partner to assist NBI in expanding its training portfolio through the inclusion of technology-based courses. The visit has paved the way to strengthen existing ties between the UAE and Nepal in the field of banking and finance.

He added: "As part of our responsibility to provide best-in-class education to our students, we spare no effort in building a forward-thinking banking workforce. With the increased adoption of technology-based solutions, it has become critical that we equip our industry professionals with the right skills. We are pleased to share our knowledge with NBI, and remain confident that the MoU will allow us to discover new and mutually beneficial ways to collaborate for the wider enhancement of the industry."

For his part, Sanjib Subba said: "With the introduction of new regulations and technologies, banking education is gaining importance. We are grateful to EIBFS for enabling us to understand the banking and finance landscape in the UAE and sharing valuable insights into banking education. Our visit has been extremely fruitful, and we look forward to strengthening synergies with the Institute."

EIBFS's 2019 annual training plan focuses on techno-functional skills, featuring 13 courses on Fintech, Digital, Blockchain, AI, IoT, Cybersecurity and Business Analytics, among other areas.