Financial and Banking News
Middle East's Leading Banking Technology & Innovation Summit to be held in DubaiFollowing on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market.
Mr Abdulla Al Hosani, Head of Branches of National Bank of Abu Dhabi quoted “The 2011 summit was a great opportunity to touch on the new and exciting subject of innovation especially if we look at it from a banking perspective. It is still an untapped area for the banks, so it was nice to hear from some vendors and learn from other experiences. The organization was world class and the venue was convenient. Big thank you.”
In another statement, Mr R S Rangan Head of Trade Services, National Bank Of Fujairah said “A well organized event, which gave us an opportunity to interact with other bankers from this region and other technology facilitators and providers. This has also facilitated me to know the various happenings in the industry and how the banks are applying the technology to meet the customer's expectations. Thank you for the invitation and look forward to attend the next year's event as well.”
According to Ernst & Young, the MENA Islamic banking industry is expected to more than double to $990 by 2015. However to achieve sustainable financial growth, the industry must deliver on innovative technologies and services. Leaders of the region’s banks and financial institutions are currently focusing their attention on the need for increased operational excellence, risk management and financial growth and acknowledge technology innovation as an essential investment for the industry.
Over the next 2-3 years we can expect to see a substantial change of play, as Islamic banks begin to compete for mainstream customers who are open to Islamic or conventional banking. This means that organizations will have to readdress their customer management strategies, introduce new personalized and innovative products and adapt internal process and strategies.
Middle East Banking Innovation Summit 2012 will focus on identifying the most innovative products and services for the banking industry as well as define the implementation and growth strategies. Delegates will have the opportunity to learn from the experience of leaders across the banking and financial services industry, as they discuss the importance of innovation within the banking industry, and how best to achieve it.
Some of the confirmed speakers include:
Ashraf Shoukry, COO, Ajman Bank
Sohail Zubairi, CEO, Dar Al Sharia and Dubai Islamic Bank
Tirad Mahmoud, CEO, ADIB
Srood Sherif, CIO, National Bank of Abu Dhabi
Harshdeep Singh Munjal, GM Private and Retail Bank, National Bank of Oman
Charles Lobo, Head of Card Operations & Customer Service, Emirates NBD
Nasar Siddiqui, Head of Electronic Channels, National Bank of Fujairah
Middle East Banking Innovation Summit 2012 will host over 200 pre qualified C level banking decision makers from across the Middle East. Last year in 2011, the Summit had over 200 confirmed attendees from top 100 banks in the Middle East including ADCB, ADIB, Mashreq Bank, Ajman Bank, Al Hilal Bank, Ansar Bank, Citibank, Barclays Bank, Doha Bank, Dubai Bank, Emirates NBD, HSBC, Lloyds TSB, Deutsche Bank, RAK Bank and many others.
Date: 07.05.2012 
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