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UAE "Securities & Commodities Authority" Reviews Its Latest Digital Services In "GITEX 2023"

Date 18/10/2023

The Securities & Commodities Authority reviews a package of its digital services in the course of its participation in the 43rd edition of "GITEX Global" exhibition which shall take place from 16- 20 October in Dubai World Trade Centre, for the purpose of introducing its digital projects, meeting the customers' needs, exchanging expertise, building successful partnerships, and learning about the best experiences and technologies.

 

H.E. Dr. Maryam Buti Al Suwaidi, the CEO of the Securities & Commodities Authority, confirmed that the process of digitalizing the Authority's services and the joint and insistent efforts between the Authority on one hand and the governmental and private sectors on the other hand, started for implementation of the vision of the UAE Government on coping with the digital era and implication of digital aspects in all the governmental strategies. Moreover, the international exhibit, that is specialized in modern technologies and that witnesses annual development in the events and scientific and technical activities, represents a distinctive event for reviewing the digital initiatives and discovering and benefiting from innovative ideas. Accordingly, the Authority's participation in "GITEX Global" exhibition through a platform, aims at displaying the new services that are developed in the Authority, exchanging expertise, building successful partnerships, and learning about the best experiences and technologies.

Al Suwaidi added that the Authority's participation comes within the framework of its digital strategy that aims at using the latest technologies and efficiently and effectively providing its services for the customers, along with establishing its imprint in the process of digital transformation and investing artificial intelligence for providing integrated services through flexible, effective and rapid channels, in accordance with the UAE Digital Government Strategy – 2025. Furthermore, the Authority's participation sheds the light on the Authority's latest electronic projects that aim at enhancing and developing the digital system with its services, increasing the attractiveness of the financial and business environment for the investors and customers for meeting their current needs and future aspirations, communicating with the different categories of the public, and exchanging the ideas and the best practices and experiences with the relevant parties in the financial services digitalizing sector for reaching the best solutions that shall improve the level of the provided governmental services and provide all the services easily and conveniently.

Her Excellency indicated that, along with the rapid development of the field of markets digitalizing and openness, the importance of joint cooperation between the governmental and private sector increases especially concerning the completion of transactions and correspondences easily and conveniently and having the maximum benefit from the services in accordance with the vision and directions of the wise leadership on enhancing the construction of a more flexible and sustainable future economy that shall be based on enabling the different economic vital sectors and moving them towards broad horizons.

The digital projects that are displayed in the Authority's pavilion this year include the electronic services system "SCA CORE", "Smart Advisor" system, "Masaar" system, and "Tafaul" Platform, that all aim at developing the digital environment in the Authority in accordance with the developments in the work system and in accordance with the variables and updates in the financial markets.

The electronic services system "SCA CORE"The "SCA CORE"

is a technological system that aims at facilitating the provision of services to individuals and establishments by using the digital technology. The system enables the customers to conduct different transactions and to interact with the governmental and private authorities on the internet effectively and efficiently, by filing requests, following up the transactions status, or receiving important information and notices in order to enable the customers to have access to these services via smart phones, personal computers, and tablet computers.

The Smart Advisor

It is a system that is developed by artificial intelligence technology and that helps the customers to have access to the information easily and conveniently. The auto responder in the system depends on artificial intelligence for providing convenient interactive experience for the users, and it enhances the productivity and effectiveness in the repeated operations, as it provides support and assistance in the real time, and it has the ability of learning and adapting to enhance its performance over time.

Mersal System

Mersal System was internally developed for managing the internal and external correspondence, and the system was linked to the digital identity and digital seal.

Tafaul Platform

It is deemed as internal electronic platform for the Authority's employees and it provides a presentation of information that the employees are concerned with including the news, circulars, and events. Moreover, it is deemed as a gathering point for the most important internal systems of the Authority and it contains a special system for contracts and projects management.