2019 Annual Training Plan of Emirates Institute for Banking and Financial Studies Underpins Focus on Digital T...
2019 Annual Training Plan of Emirates Institute for Banking and Financial Studies Underpins Focus on Digital Transformation
Institute set to launch four mobile apps
Annual plan includes 690+ training programs in line with
demands of the UAE banking sector for courses on Fintech,
Dubai-UAE: October 25, 2018 –
Emirates Institute for Banking and Financial Studies (EIBFS), a regional
leader in banking and finance education and training, today unveiled its
2019 Annual Training Plan with a strong emphasis on digital transformation
and smart technologies.
Next year, EIBFS will conduct over 690 regular training and development
programs – which is 28% higher compared to 2018. A vast majority of new
programs introduced in 2019 focus on Fintech and other digital
technologies, driven by the recommendations and demands of the EIBFS Board
of Directors, Advisory Board and banks in the UAE.
The 2019 training plan includes 150 annual training programs and 120
e-learning courses. In line with the new direction, the Institute will
introduce several new platforms in addition to enhancing the existing ones
with new features. Approved by the EIBFS Board at its latest meeting in
October 2018, the training plan and new platforms will go live in January
As part of its mandate to equip banking professionals across the UAE, of
the 690 programs planned in 2019, Dubai campus will host 31%, the Sharjah
campus will host 28% and the Abu Dhabi campus will host 25% courses. The
balance 16% courses will be held in Fujairah, Ras Al Khaimah and Al Ain.
Jamal Al Jassmi, General Manager of EIBFS, said: “Digitalization is
progressing at an unprecedented level and speed, and this is most evident
in the realm of banking and finance. Following in-depth discussions with
our stakeholders, comprising training and talent specialists from banks and
insurance companies, we realized the importance of developing new learning
courses on digital applications in the financial sector. The Fintech
Training Lab established in June 2018 is an outcome of these discussions.”
He added: “We also understood that true digital transformation requires
more than just offering a few courses on the latest trends. It is critical
that we fully embrace the new technologies, and that means adopting a
digital-first approach to training and education. In adopting this
approach, we are transforming the delivery processes and mechanisms – from
student registration all the way to certificate issue. I thank the Board
members for approving the changes that will give EIBFS a competitive edge
and help it attract students from across the region.”
Mobile learning apps
The EIBFS 2019 Annual Training Plan involves the launch of four mobile
learning apps, available on the App Store and in the Android App Bundle on
Google Play, catering to smartphone-savvy learners and supporting a
seamless, scalable and interactive learning process. The apps will include:
: Helping students stay connected while on the go, the app will provide
access to relevant information about EIBFS, its training programs,
corporate directory and locations, as well as the option to submit
applications for the programs and monitor their status.
: The app will offer a detailed overview of existing as well as
upcoming training programs, including notifications on the latest
: The information resource app will enable database search on a wide
range of subjects covered in the training courses.
The app will contain information on research strategies, detail how to
get published in the Institute’s International Journal of Research in
Banking and Finance, and include blogs by industry experts and white
papers, as well as economic and industry reports.
EIBFS will deliver its online learning programs via Moodle – a powerful
open-source e-learning platform that will be integrated with the
Institute’s own training portal. The Institute will also upgrade its
existing e-learning portfolio with Intuition, a learning management system
that combines technology and blended learning solutions.
The system will comprise up to 120 e-learning courses for more than 3,500
banking professionals – nearly 10 percent of the total workforce in the
sector. Areas of focus will include banking science and operations, credit
management, HR management, Islamic banking, treasury and investment, among
Internet of Things
To facilitate a seamless learning experience, EIBFS will leverage the
Internet of Things (IoT) to link various classroom and online elements,
including devices, projectors, screens, cameras, microphones, lecture
capture systems and learning management systems.
EIBFS also announced that it will implement blockchain-based academic
credentials starting from January 2019. The solution is aimed at enhancing
security and accessibility of official documentations and will enable the
issue and verification of academic certificates.
To fast-track the learning curve, EIBFS will set up two dedicated
simulation learning rooms for interactive, real-life experience. Providing
students with exposure to a real market environment for trading stocks and
bonds, the Dealing Room will feature 22 trading stations,
equipped with market tools linked with Bloomberg and Thomson Reuters Eikon.
Similarly, the Simulation Bank Branch will offer a
high-level, interactive virtual bank back office experience. The room will
host team sessions and workshops on topics such as expanding the product
and service range, multi-channel distribution, market segmentation and
competition, branch income, expense reallocation and branch human resources
The fintech programs, comprising 13 new courses across 40 schedules, will
include Masterclass in Business Analytics and Analytics Using Python, as
well as continuing professional development courses, such as Future of
Banking, Fintech 101, Blockchain Applications, AI and Machine Learning, IoT
Application and Cybersecurity. The two-day courses will be delivered by
fintech experts from select banks.
In addition, EIBFS will offer the Fintech and Analytics Vertical training
program across its three campuses, catering exclusively to banking
professionals, spanning two levels – Intermediate and Advanced, and
utilizing blended learning and simulation.
As part of the Institute’s ongoing efforts to establish national
qualifications with the aim of providing learners with locally recognized
credentials to support their professional development and create a
transparent talent market, the National Qualifications Authority has
approved five of its continuing education units (CEUs) as national
qualifications in banking. These include the successfully completed Risk
Management with Derivatives, as well as the upcoming Bancassurance, Trade
Finance 1, Trade Finance 2 and Quality Management.
The development is a response to the demand for UAE based banking
qualifications that reflect the needs and regulatory standards in the UAE.
Feedback from industry groups highlighted the need for local qualifications
for retail banking to reflect local requirements and that emphasizes on the
practical applications of retail banking services and knowledge.
The Institute’s 2019 training portfolio will also comprise 13 professional
development certificate courses, 10 national development programs for
Emirati personnel, five blended learning and simulation courses, seven
panel discussions and CEO talks, and three leadership programs.
January 10, 2019
Mrs. Noura Abbas Was Live on Sama Dubai Talking about EIBFS New Plan
December 22, 2018
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February 7, 2018
Mr. Jamal Al Jassmi, General Manager of the Emirates Institute for Banking and Financial Studies (EIBFS), said that the National Career Exhibition has been strengthened by wide range of job opportunities in all sectors
May 3, 2016
Two bankers (from Emirates NBD and Emirates Islamic Bank) selected for a Leadership Training Programme at the University of Virginia’s Darden Business School were interviewed by Dubai TV in a program called Dubai Haze Al Sabah
January 10, 2016
The ‘Certificate in Islamic Banking and Finance’ (CIBF) Jointly issued by EIBFS and IBFIM aims to develop qualified personnel with deep and strong knowledge of Islamic banking products and operations