Ajman Finance & Ajman Bank Sign Agreement for Efficiency

In a move to fast-track digital transformation and boost the efficiency of government operations, the Ajman Department of Finance has entered into a strategic agreement with Ajman Bank. This partnership is designed to streamline financial integration, reduce bureaucratic delays, and elevate the quality of public financial services.

Enhancing Efficiency Through Digital Innovation

The collaboration is part of the department’s broader initiative to simplify administrative procedures and improve operational accuracy. By adopting a comprehensive digital payments system and minimizing manual processes, the agreement aims to strengthen data security, increase reliability, and promote a shift towards fully electronic transactions across government entities.

A Step Towards a Smart Government

This initiative also focuses on reducing human error and optimizing the use of public resources. By deepening the integration between governmental and banking systems, the partnership will enhance financial oversight and control, setting a new benchmark for digital financial governance.

In this context, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, said: "The signing of this agreement represents an important step towards supporting the digital infrastructure of the government financial sector, and reflects the department’s commitment to adopting the best technical practices to enhance operational efficiency, speed up procedures, and improve the quality of financial services. He also pointed out that the agreement will contribute to expanding the scope of integration with various government entities, thus enhancing the sustainability of financial resources.

He added that this agreement represents a qualitative shift in the mechanisms of financial dealing between the government and the banking sector, as it provides an integrated digital platform for implementing bank transfers and settlements accurately and reliably. He stressed: “We will continue to work to expand the scope of automation in various areas of financial work in support of the Ajman government’s trends in digital leadership.”

For his part, Mr. Mustafa Al-Khalafawi, CEO of Ajman Bank, said: "We are proud of our partnership with the Department of Finance in Ajman and the firm confidence in Ajman Bank’s capabilities in digital transformation and automation. This collaboration reflects our shared commitment to modernising financial operations and reinforces our role as a trusted partner in the digital government journey. The agreement to automate bank transfer and financial settlement procedures represents a pivotal step towards developing operational efficiency, accuracy, and transparency at the level of government entities. This partnership is perfectly aligned with Ajman Vision 2030, and we continue our efforts in supporting initiatives that strengthen the UAE's financial infrastructure and contribute to sustainable, technology-driven growth.

Supporting Ajman’s Vision for a Digital Future

Through this alliance, the Department of Finance is reinforcing Ajman’s position as a regional leader in digital public finance. The initiative supports the UAE’s broader goals of establishing a smart government framework and nurturing a sustainable, digitally-driven economy.