The General Pension and Social Security Authority (GPSSA) has signed a Memorandum of Understanding (MoU) with the Etihad Credit Bureau, the data technology federal entity known to simply information and reveal powerful financial insights.
The move intends to support UAE-based private sector employers in fulfilling their pension contribution obligations for Emirati employees.
Further, the partnership enables insight-driven decision making, as GPSSA leverages the Bureau’s advanced credit data products to evaluate the financial wellness and stability of the private sector in fulfilling their pension contribution obligations, which correlates with GPSSA’s proactive service approach and contributes to the UAE governments mission to ensure sustainability and globally competitiveness.
Marwan Ahmad Lutfi Director General Etihad Credit Bureau
“This initiative goes far beyond the focus on credit facilities – extending to financial health, security, and stability in the government and private sector. By enabling these insights, we anticipate increased clarity and accountability towards supporting the market in meeting their payment contributions to the Pension Authority.”
Faras Al Ramahi, GPSSA’s Director-General, said that, “GPSSA continuously looks for new and innovative ways to elevate operational capabilities and the exchange of data and digital connectivity. This collaboration not only correlates with the UAE’s directives to encourage fruitful partnerships, but it also provides high quality digital services and an excellent technical infrastructure.”
Both parties have implemented a robust database exchange framework that outlines the supply of information, statistics, and descriptive data analytics while identifying best practices that promote a current and futuristic sustainable digital transformation process for all stakeholders alike.
