Financial and Banking News
MENA New Age Banking Summit to Discuss New Paradigm Shift in the Banking IndustryWith new FinTech solutions challenging legacy systems, banks in the Middle East and North Africa are devising strategies to keep pace with evolving global financial eco-systems.
Enhancing customer service, acquisition, profitability and security are the primary objectives, which can only be achieved by embracing and adopting a culture of innovation.
Offering a global and regional perspective on innovation in the banking sector, UMS Conferences has announced the MENA New Age Banking Summit, a platform that will discuss developments, global trends, innovations and tech-solutions in the banking industry. The event, with the support of Bloomberg Businessweek ME as media sponsor, is scheduled for the 04–05 October, 2016, in Doha, Qatar.
Qatar is expected to have the fastest growth rate of digital transformation in the BFSI sector from 2015 to 2020, and is recognized by the World Economic Forum as MENA region’s second most competitive economy. With heavy investments in technologies such as IRIS scan and NCR Interactive Video Teller by local Qatari banks, the region is set for a new paradigm shift in the banking and finance industry. As a leader in the MENA banking sector, Qatar is an ideal avenue for the summit where regional bankers will come together and discuss challenges and opportunities in banking technologies.
The summit will discuss wide ranging topics such as new age banking, digital transformation, financial innovations, banking regulations, Omni-channel banking and risk and compliance. With sessions focused on safer banking environment, the event will highlight cyber security and data security as a primary focus for new age bankers. Discussing the transformation into a digital age, attendees will discuss the need for the banking sector to evolve by implementing strategies to incorporate big data, social media, gamification, IoT and smartphone banking.
From government authorities to representatives from central banks and local as well as global financial institutions, the event will bring together the who’s who of the banking industry from the MENA region under one platform, discussing the way forward for the banking industry.
Source: UMS Conferences
Date: 27.06.2016 
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