Citibank meets WPS requirements with Raqmiyat solution

Citibank rolls out Raqmiyat's WPS Connect to meet UAE Ministry of Labour and Central Bank wage payment regulations

Tags: CitibankComplianceRaqmiyatUnited Arab Emirates
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Citibank meets WPS requirements with Raqmiyat solution Citibank is the first in the UAE to meet the requirements of the new Wage Protection System. (Getty Images)
By  Mark Sutton Published  November 9, 2009

Citibank N.A. has become the first bank in the UAE to meet the requirements of the Ministry of Labour and Central Bank's Wages Protection System (WPS), after deploying a new solution from systems integrator Raqmiyat.

The bank has rolled out Raqmiyat's WPS Connect system, which manages all aspects of the wages payment cycle, allowing the bank to offer WPS compliance services to corporate and retail accounts.

The WPS has been implemented to govern the transfer of salaries through authorised financial institutions, under government regulation, to improve transparency and control of the process and safeguard worker's pay.

"For this implementation, our top priorities were to address Citi's compliance requirements and help them address the demand from their corporate clients to implement the solution at the earliest. The inclusion of Citi, with their strong global footprint, to the list of regional and international financial firms who have adopted our solution stands as a testament to the credibility of ‘WPS Connect' and our expertise as an innovative and proactive systems integrator," said Nilesh Sarker, Vice President - Banking and Finance, Raqmiyat.

The WPS Connect solution was deployed in four weeks, and provides role-based access to bank staff, so that they only have access to the parts of the process that relate to their role. The system uses a browser-based mechanism, and is able operate on top of existing file transfer mechanisms, making it quicker to roll out.

3361 days ago
Udayan Menon

Hi All, Surprising News Update…. Thanks to World Human Rights Association to forcing UAE to take remedial steps to give support to the Labour Class and upper Class working in UAE. UAE Ministry of Labour has taken a right and aggressive decision to Go for WPS Compliance for all Banks in UAE. As we understand Central Bank is taking the lead of this project to be implemented Successfully…. I personally appreciate the approach of central Bank…. But the Surprising FACT is C3 Card is the first organisation in UAE to become First WPS Compliance Organisation, since June 2009. Secondly, the First Bank Become Fully WPS Compliance is Commercial Bank International (CBI) since 5th Oct 2009…… We heard C3 Cards, CBI, ENBD and many more major Banks in UAE is using NeST WPS Compliance Suite which was a proven system since June 2009… These facts are from authentic sources…. But responsibility not lies with us…. Interested parties may investigate the facts from primary sources…. Wish All the Best to All Banks in UAE, NeST and Raqmiyat…. Who ever implement the System, lets hope we will get Salary without any issues/ delay. Cheers…

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