In a significant step toward accelerating digital transformation and improving the efficiency of government financial operations, the Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank.
The collaboration is designed to strengthen digital financial integration, reduce administrative bureaucracy, and deliver more effective and high-quality financial services across government entities.
Streamlining operations through digital payments
The agreement aligns with the department’s broader mission to simplify procedures, ensure greater accuracy in financial processes, and minimize human intervention through advanced digital payment systems.
By leveraging automated transactions, the initiative will help reduce manual errors, enhance the security and reliability of operations, and boost the overall efficiency of public financial management.
One of the key goals of the partnership is to enable government departments to transition fully to electronic transactions, ensuring faster, more transparent, and more accountable financial processes.
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Enhancing government – banking system integration
The partnership also aims to create seamless integration between government financial platforms and banking systems, supporting real-time data sharing and improving the ease and effectiveness of financial oversight and control mechanisms.
This enhanced level of coordination between government and banking operations is expected to reduce redundancies, speed up transaction timelines, and foster a more agile approach to public financial administration.
Supporting national smart government goals
The Department of Finance highlighted that the partnership reflects Ajman’s commitment to adopting global best practices in public money management and aligns with national strategies for building a smart government infrastructure and a sustainable digital economy.
By embracing innovation and streamlining digital processes, the department aims to position Ajman as a leading hub for digital finance in the region and contribute to the broader goals of the UAE’s digital transformation agenda.
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.
Al Ali 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.”
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,” Al-Khalafawi added.
The collaboration represents another milestone in the emirate’s journey to modernize public services, optimize resource use, and reinforce the principles of efficiency, transparency, and service excellence in government financial operations.
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