The Telecommunications Regulatory Authority (TRA) officially awarded the Certification Service Provider (CSP) license to First Gulf Bank (FGB), one of the major leading banks in the UAE, during a ceremony held on the second day of Gitex Technology Week 2013 in the Dubai International Convention and Exhibition Centre (DICEC)

The Authority granted the License in accordance with the Act and the Ministerial Resolution No 1. of 2008 and the License, effective immediately and valid until October, 20th, 2018 permits FGB to operate as a CSP in the UAE.

FGB is one of the first banks in the UAE to be legally authorised to issue digital certificates. FGB initiated a new platform, FirstConnect, to offer customers a digital platform which safeguards the authenticity of any transactions conducted via the new system.

“As the UAE continues on its progressive path through the modern digital era, ensuring a safe and secure environment that is conducive to the growing number of UAE online trade is essential. Part of that effort is monitoring those who offer electronic transactions across their online platforms. As the nation’s ICT regulator, this is a core responsibility of the TRA and by granting CSPs we in turn boost consumer confidence and contribute to the UAE’s economic diversification project,” said H.E. Mohamed Nasser Al Ghanim, TRA Director General.

Commenting on First Gulf Bank’s CSP accreditation, Jassim Al Ali, FGB representative and Chief Executive Officer of First Gulf Properties (FGP), said “We are pleased to be named as an official ‘Certification Service Provider’ by the TRA and to bring FirstConnect, a new advanced internet banking platform, to First Gulf Bank customers. FirstConnect is the most secure online transaction solution within the regional banking sector. It meets both European and US standards and is the Middle East’s most advanced online banking platform.”

Through FirstConnect, customers can carry out a range of cash management, trade finance and financial supply chain management activities. Key features for customers include the ability to readily access accounts on a real time basis, initiate payments through a secure network, post enquiries on customer, account and transaction levels, in addition to receiving updates and alerts in a timely manner. 

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