EIBFS signed strategic MoU with PwC’s Academy Middle East

Emirates Institute for Banking and Financial Studies signed strategic MoU with PwC’s Academy Middle East to offer three new professional certificates

New certificates focus on Fintech, Blockchain and Data Analytics

EIBFS Technical Advisory Committee announces four committees – Learning & Development, Emiratisation, Women Leadership and Fintech Learning Lab

Dubai-UAE: February 24, 2019 – The Emirates Institute for Banking and Financial Studies (EIBFS), has signed a strategic partnership MoU with PwC’s Academy Middle East focusing on improving knowledge and skills of professionals in finance and business.

The MoU, which was recently signed at the EIBFS Technical Advisory Committee meeting in Dubai campus, aims at offering three new professional certificate courses in Fintech, Blockchain and Data Analytics.

This is part of EIBFS’ strategic initiatives to develop the futuristic skill sets of the workforce in the banking and financial sector in the UAE. Jamal Al Jassmi, General Manager, EIBFS, and Amanda Line, Partner – PwC’s Academy Middle East, signed the MoU.

Jamal Al Jassmi, General Manager, EIBFS, said: “The EIBFS plan for 2019 has a lot of transformational changes which will benefit both the industry and the learners alike. With our strategic partnership with PwC’s Academy, we will focus on FinTech, Blockchain and Data Analytics to enhance future skills and aptitudes which have to be adopted by the banking employees. We have also focused on the techno-functional skills in order to prepare UAE nationals for a holistic industry driven multi-stage learning need analysis in a disruptive digital era.”

Amanda Line, PwC Academy Partner, PwC Middle East, said: “Our strategic partnership with EIBFS, will offer a platform of creative, collaborative and value-driven learning. With a focus on current and disruptive topics such as Data Analytics, Machine Learning and Human Literacy, we can boost both the success of UAE nationals, and the growth of the financial sector in the UAE. True to our promise of supporting the sustainable growth of talent across the region”

The content and delivery of all the three certification programs will be handled by PwC’s Academy ME in collaboration with EIBFS. It will involve intensive classroom sessions, pre-course reading, post-course case studies and examination.

The Technical Advisory Committee meeting also presented an overview of the growth of trainees from 11975 in 596 training programs in 2013 to 26200 trainees in 885 training programs in 2018. It also highlighted the 2019 annual training program, with an emphasis on techno-functional skills through 13 courses on fintech, digital, Blockchain, AI, IoT, cybersecurity, business analytics among others.

The EIBFS TAC also announced four new committees to broaden industry collaboration at all levels. The committees, which include Learning & Development, Emiratisation, Women Leadership in Banking and Fintech Learning Lab, will report to TAC.

The objectives of these committees include offering suggestions on programs, curricula and certifications of EIBFS, attract UAE nationals to banking sector, support active participation of women in the sector, and suggest training to prepare the talent pool for the digital era of banking.