EIBFS Opens First-of-its-kind, State-of-The-Art Simulated Trading Room in the UAE

EIBFS Opens First-of-its-kind, State-of-The-Art Simulated Trading Room in the UAE

Dubai-UAE: 28 April, 2019 – Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has announced the opening of the first-of-its-kind simulated trading room in the UAE. The opening was held amidst management and board members. To mark the opening of the trading room, EIBFS also held a workshop on the importance of swing trading essentials using technical analysis.

The state-of-the-art trading room is equipped with interactive monitors and a trading ticker with real-time market feed from the Dubai Financial Market. The facility features 14 dual-monitor set-ups for the trainees to carry out mock trading at the institute.

Through the trading room, the institute will provide cutting-edge technology enabled experiential learning, which empowers students to learn the trading and portfolio building skills involving all asset classes, including fixed income, equities, commodities and forex in a real environment with emphasis on technical analysis and trading psychology.

The opening of simulated trading room is aligned with EIBFS’s vision to provide transformative education to its students and in accordance with the UAE leadership’s forward-thinking approach through education and knowledge sharing. The EIBFS simulated trading room provides a real sense of technological superiority, bringing financial markets to the students’ fingertips with the help of cutting-edge software and hardware.

Speaking at the opening workshop of the EIBFS trading room, Jamal Al Jassmi, General Manager of EIBFS, said, “EIBFS is committed to equipping financial sector professionals across the UAE and the wider region with the tools and skills to thrive in the age of technological transformation. The trading room is built to offer its students a real-world trading experience through specially designed Financial Markets Trading courses. It not only broadens students’ knowledge of financial services but also promotes awareness of the global financial markets and increases employability of EIBFS graduates by providing a competitive edge in the domestic and international job market.”

He added, “Intertwining practical training of trading portfolio building with the theoretical knowledge will strengthen finance and banking students’ capabilities. This opportunity for students to train using such a state-of-the-art system is indeed a superior advantage. For students aspiring to be in the financial services career, it is imperative to have a hands-on experience at a place where high-end technology meets a real-world trading experience. Likewise, for financial and economic researchers, what could be better than a direct access to real-time live data.”

To equip finance professionals with the latest training expertise EIBFS has partnered with specialist training and technology solution providers in the USA, Europe and UK. The institute offers comprehensive courses and learning experiences covering- trading and treasury management, technical analysis of different markets & asset classes, momentum & mean reversion trading, oscillators & pattern recognition, derivatives – futures & options, option Greeks and their significance in a trade set-up, hedging techniques for open positions, trade set-ups: directional & non-directional, portfolio building and investments management, risk management and ALM and strategic bank management.

EIBFS has been at the forefront of advanced financial education and capacity-building. In addition, the Institute’s 2019 annual training program places high emphasis on techno-functional skills, featuring 13 courses on fintech, digital, blockchain, AI, IoT, cybersecurity, and business analytics, among other topics.

The Institute of Banking organizes a conference on cybercrime risk

EIBFS Cybersecurity Workshop Exposes Potential Vulnerabilities in Financial Institutions

  • Session highlights measures to prevent cyberattack through risk quantification

Dubai-UAE: 18 April, 2019 – Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today held an interactive workshop on enterprise cybersecurity that highlighted the wide-ranging risks of cyberattacks currently plaguing financial institutions.

Rahul Tyagi, Co-founder and Lead – Academic Engagements at Lucideus, an enterprise cybersecurity platforms company, hosted the session that took place at the EIBFS Dubai campus. Incubated at the Indian Institute of Technology Bombay and backed by John Chambers, former Chairman and CEO of Cisco, Lucideus works with several Fortune 500 companies across the globe to deploy its cyber risk measurement and mitigation platform called SAFE.

Notably, a study on cybercrime costs conducted by Accenture indicates that financial services companies face a greater financial impact due to cyberattacks than any other industry. Globally, businesses in the sector have seen a 40 percent increase in the average cost of cybercrime over the past three years, rising from US$12.97 million per firm in 2014 to US$18.28 million in 2017.

Driving home the growing risk of cyberattacks, the workshop featured case studies of vulnerabilities on digital platforms. The participants examined previous cyber breaches and explored actionable solutions to mitigate cybersecurity shortfalls.

Speaking about cybersecurity role of such workshops, Jamal Al Jassmi, General Manager of EIBFS, said: “EIBFS is committed to equipping financial sector professionals across the UAE and the wider region with the tools and skills to thrive in the age of digital transformation. While the industry has undergone sweeping changes that have helped improve access to services and simplify lives, the looming risk of cybersecurity breaches is too significant to ignore. Through our partnerships with leading technical experts such as Lucideus, we hope to usher in a safe and secure digital future for the financial sector in the Middle East.”

Speaking at the workshop, Tyagi said: “Cyber crimes today are so evolved that detection is almost impossible until it is too late. A simple coffee meeting with a bank employee who has a company mobile could be the starting point of an elaborate and highly damaging cyberattack. CIOs in the financial sector must be prepared for the most extreme scenarios when it comes to protecting their institutions. This starts with risk quantification.”

EIBFS has been at the forefront of advanced financial education and capacity-building. In March 2019, the EIBFS Technical Advisory Committee entered a strategic partnership with PwC’s Academy Middle East to offer three new professional certificate courses in Fintech, Blockchain and Data Analytics. In addition, the Institute’s 2019 annual training program places high emphasis on techno-functional skills, featuring 13 courses on fintech, digital, blockchain, AI, IoT, cybersecurity, and business analytics, among other topics.

Emirates Institute for Banking and Financial Studies Hosts Book Fair to Mark National Reading Month

Emirates Institute for Banking and Financial Studies Hosts Book Fair to Mark National Reading Month

Proceeds of Sale Earmarked for Underprivileged Students

The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a book fair themed ‘Book For Good’ to mark the National Month of Reading.

At Book For Good, EIBFS sold second-hand books donated by individuals. The books, spanning fictional, historical, biographical and educational genres, were sold at AED10 each. The proceeds have been earmarked for underprivileged students requiring financial support. Fun activities were held alongside the sale of the books. A session on ‘How to be a Reader’ was hosted by the Emirati author Iman Al Yousef and aimed to encourage the habit of reading and highlight its importance.

Jamal Al Jassmi, General Manager at EIBFS, said: “We are extremely happy to be a part of the National Month of Reading. The UAE government has always been at the forefront of such initiatives and we are proud to support them. Reading is an extremely important aspect of growth and through platforms such as this book fair our goal is to equip everyone with a lifelong love for reading and to reinforce its benefits. We thank all those who came forward to contribute more than 1000 books for the sale. Their efforts will help ease the financial burden on readers and students.”

A session conducted by author Iman Al Yousef on ‘How to be a Reader’ focused on building the love for reading. Targeting those who do not enjoy reading in particular, it provided easy steps on cultivating and sustaining the literary habit.

In 2017, the UAE Cabinet declared March as the National Month of Reading. Since then, the initiative has offered an opportunity to build the reading culture in the UAE and inculcate the habit among all sections of society. For its part, EIBFS hosts a calendar of events that conform to the priority of the month. The book fair was supported by the Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF) and Future Foresight