emirates7 - The General Pension and Social Security Authority (GPSSA) has entered into a Memorandum of Understanding (MoU) with the Etihad Credit Bureau, a federal data technology entity known for simplifying information and delivering valuable financial insights.
This collaboration is designed to assist private sector employers in the UAE in meeting their pension contribution responsibilities for Emirati employees. By utilizing the Bureau's advanced credit data solutions, GPSSA can gain critical insights into the financial health and stability of private sector entities, ensuring they fulfill their pension-related obligations. This initiative aligns with GPSSA's proactive approach to service delivery and supports the UAE government's broader mission to foster sustainability and enhance global competitiveness.
Faras Al Ramahi, Director-General of GPSSA, emphasized the organization’s commitment to innovation, saying, "GPSSA continually seeks new ways to improve operations through data exchange and digital integration. This partnership aligns with the UAE’s vision for productive collaborations and strengthens our digital infrastructure to provide exceptional services."
Similarly, Marwan Ahmad Lutfi, Director-General of Etihad Credit Bureau, highlighted the broader impact of the initiative: "This effort extends beyond credit facilities, focusing on financial security and stability in both the public and private sectors. By offering actionable insights, we aim to boost transparency and accountability, ensuring employers meet their pension contribution obligations."
The partnership includes a well-defined framework for exchanging databases, statistics, and descriptive analytics. It also identifies best practices to promote sustainable digital transformation, ensuring long-term benefits for all stakeholders.
This collaboration is designed to assist private sector employers in the UAE in meeting their pension contribution responsibilities for Emirati employees. By utilizing the Bureau's advanced credit data solutions, GPSSA can gain critical insights into the financial health and stability of private sector entities, ensuring they fulfill their pension-related obligations. This initiative aligns with GPSSA's proactive approach to service delivery and supports the UAE government's broader mission to foster sustainability and enhance global competitiveness.
Faras Al Ramahi, Director-General of GPSSA, emphasized the organization’s commitment to innovation, saying, "GPSSA continually seeks new ways to improve operations through data exchange and digital integration. This partnership aligns with the UAE’s vision for productive collaborations and strengthens our digital infrastructure to provide exceptional services."
Similarly, Marwan Ahmad Lutfi, Director-General of Etihad Credit Bureau, highlighted the broader impact of the initiative: "This effort extends beyond credit facilities, focusing on financial security and stability in both the public and private sectors. By offering actionable insights, we aim to boost transparency and accountability, ensuring employers meet their pension contribution obligations."
The partnership includes a well-defined framework for exchanging databases, statistics, and descriptive analytics. It also identifies best practices to promote sustainable digital transformation, ensuring long-term benefits for all stakeholders.