January 15, 2020

European and Arab Banking Associations with nearly 4,000 Member Banks Execute Digital Economy Communique With GCEL Towards Creating A New USD 7.5 Trillion Financial Services Opportunity

ROME–(BUSINESS WIRE)–The European Banking Federation (EBF), the Union of Arab Banks (UAB), and international associations signed a Digital Economy Communique with the Global Coalition for Efficient Logistics (GCEL) at the 2019 International Banking Summit. The Communique embraced the deployment of an innovative Digital Economy Platform that digitizes the global value chains in the USD 150 trillion B2B marketplace generating a new USD 7.5 trillion financial services opportunity by 2035, especi


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