ABU DHABI: The General Pension and Social Security Authority (GPSSA) has entered into a strategic partnership with the Etihad Credit Bureau to exchange data and enhance digital connectivity. This collaboration is designed to assist UAE-based private sector employers in meeting their pension contribution obligations for Emirati employees.
According to Emirates News Agency, the agreement allows GPSSA to utilize the Bureau’s advanced credit data products to assess the financial wellness and stability of the private sector. This initiative is part of GPSSA’s proactive service approach and aligns with the UAE government’s mission to ensure sustainability and global competitiveness.
Faras Al Ramahi, GPSSA’s Director-General, emphasized the importance of innovation in operational capabilities, stating, ‘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 encour
age fruitful partnerships, it also provides high quality digital services and an excellent technical infrastructure.’
Marwan Ahmad Lutfi, Director-General of Etihad Credit Bureau, highlighted the broader impact of the initiative, saying, ‘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.’
The partnership includes a robust database exchange framework that facilitates the supply of information, statistics, and descriptive data analytics. This framework aims to identify best practices that foster a sustainable digital transformation process for all stakeholders involved.
