Warsaw. Poland was ranked first in a survey of countries and cities that trust banks, with 85 per cent of its citizens expressing confidence in how the financial sector handles their data, according to MoneyTransfers.com.
Warsaw. Poland was ranked first in a survey of countries and cities that trust banks, with 85 per cent of its citizens expressing confidence in how the financial sector handles their data, according to MoneyTransfers.com.
Jakarta. In second place is Indonesia, where seven in 10 respondents believe banks and financial service providers exercise diligent management of their data.
Jakarta. In second place is Indonesia, where seven in 10 respondents believe banks and financial service providers exercise diligent management of their data.
Frankfurt. In joint third position is Germany, where 68 per cent of citizens believe lenders are competent and ethical in how they manage personal data.
Frankfurt. In joint third position is Germany, where 68 per cent of citizens believe lenders are competent and ethical in how they manage personal data.
Mumbai. India is tied with Germany on the list of countries and cities that trust banks the most with their data.
Mumbai. India is tied with Germany on the list of countries and cities that trust banks the most with their data.
Stockholm. In fourth place is Sweden, where 61 per cent have no issues with how their data is handled.
Stockholm. In fourth place is Sweden, where 61 per cent have no issues with how their data is handled.
London. The UK is in fifth position, with 59 per cent expressing confidence in the financial sector's data-handling abilities.
London. The UK is in fifth position, with 59 per cent expressing confidence in the financial sector's data-handling abilities.
Copenhagen, Denmark. The Nordic country was ranked sixth, with 57 per cent giving lenders their vote of confidence.
Copenhagen, Denmark. The Nordic country was ranked sixth, with 57 per cent giving lenders their vote of confidence.
Dubai. The UAE took seventh position, with 56 per cent of Emiratis saying they trust banks and financial service providers with their personal data.
Dubai. The UAE took seventh position, with 56 per cent of Emiratis saying they trust banks and financial service providers with their personal data.
Sydney. Australia is tied with the UAE on the list of countries and cities that trust financial services providers the most.
Sydney. Australia is tied with the UAE on the list of countries and cities that trust financial services providers the most.
Beijing. About 53 per cent of Chinese trust banks and other financial institutions to handle their data safely, earning the Asian country eighth position.
Beijing. About 53 per cent of Chinese trust banks and other financial institutions to handle their data safely, earning the Asian country eighth position.
Singapore was ranked ninth in the survey, with 52 per cent endorsing how banks handle personal data.
Singapore was ranked ninth in the survey, with 52 per cent endorsing how banks handle personal data.
Hong Kong. The Chinese city is 10th, with half of its residents saying they have complete faith in how their data is handled by banks.
Hong Kong. The Chinese city is 10th, with half of its residents saying they have complete faith in how their data is handled by banks.

Business

Money

More than half of all Emiratis trust banks with their personal data

UAE is ranked seventh on global list of countries and cities that approve of their financial service providers

Deepthi Nair
Deepthi Nair

July 13, 2021

  • English
  • Arabic

More than half, or 56 per cent, of Emiratis trust banks and financial service providers with their personal data, a new survey revealed on Monday.

Emiratis have more confidence in lenders than customers in big economies such as the US, France and Spain, placing seventh overall in a poll of 17 countries and cities by MoneyTransfers.com, based on YouGov data.

Poland took top spot in the survey, with 85 per cent of its citizens expressing confidence in how the financial sector handles their data, followed by Indonesia where seven in 10 people gave their approval.

Germany and India were tied in third place, with 68 per cent of citizens happy that their data was being handled competently and ethically, according to the survey of 2,251 people aged 18 and above.

A separate survey in May by market research consultancy Insight Discovery found that 20 per cent of UAE residents perceive credit card companies as having the second worst reputation after recruiters.

However, the reputation of credit card companies has improved over the past 12 months, with a fifth of those polled perceiving them in bad light, compared with 23 per cent in 2020.

Meanwhile, French citizens are the most sceptical of their banks, with only 37 per cent having faith that financial service providers will manage their personal data properly, the MoneyTransfers.com survey found.

Italy was ranked just above France in 14th place, with only 38 per cent of Italians confident about how financial service providers use their data.

Countries that trust banks and financial service providers the most
Countries that trust banks and financial service providers the most

Sweden (61 per cent) and the UK (59 per cent) rounded off the top five while Denmark (57 per cent) was sixth and the UAE was tied with Australia in seventh position.

China (53 per cent), Singapore (52 per cent) and Hong Kong (50 per cent) made up the top 10 countries where consumers trust how financial data is handled.

A separate study by the CFA Institute last year found that six in 10 UAE investors trust the investment management industry, compared with four in 10 globally. However, high fees were quoted as the main impediment to working with an advisory company.

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Premier League

Wednesday, June 17 (Kick-offs uae times) Aston Villa v Sheffield United 9pm; Manchester City v Arsenal 11pm 

Friday, June 19 Norwich v Southampton 9pm; Tottenham v Manchester United 11pm  

Saturday, June 20 Watford v Leicester 3.30pm; Brighton v Arsenal 6pm; West Ham v Wolves 8.30pm; Bournemouth v Crystal Palace 10.45pm 

Sunday, June 21 Newcastle v Sheffield United 2pm; Aston Villa v Chelsea 7.30pm; Everton v Liverpool 10pm 

Monday, June 22 Manchester City v Burnley 11pm (Sky)

Tuesday, June 23 Southampton v Arsenal 9pm; Tottenham v West Ham 11.15pm 

Wednesday, June 24 Manchester United v Sheffield United 9pm; Newcastle v Aston Villa 9pm; Norwich v Everton 9pm; Liverpool v Crystal Palace 11.15pm

Thursday, June 25 Burnley v Watford 9pm; Leicester v Brighton 9pm; Chelsea v Manchester City 11.15pm; Wolves v Bournemouth 11.15pm

Sunday June 28 Aston Villa vs Wolves 3pm; Watford vs Southampton 7.30pm 

Monday June 29 Crystal Palace vs Burnley 11pm

Tuesday June 30 Brighton vs Manchester United 9pm; Sheffield United vs Tottenham 11.15pm 

Wednesday July 1 Bournemouth vs Newcastle 9pm; Everton vs Leicester 9pm; West Ham vs Chelsea 11.15pm

Thursday July 2 Arsenal vs Norwich 9pm; Manchester City vs Liverpool 11.15pm

 

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Updated: July 13, 2021, 6:03 AM`
Personal finance