Bahrain-based Bank ABC, main participant within the Mena area’s banking business, is ready to welcome the area’s main monetary thought leaders, regulators and world-renowned commentators to the MEA Fintech Discussion board 2020.
Recognised because the ‘Davos of Fintech’, the discussion board can be streamed stay for a world viewers of greater than 2000 delegates on 24 and 25 November, through a state-of-the-art digital occasion platform.
One of many key highlights of this 12 months’s discussion board is the regulators’ panel dialogue, which is able to convey collectively Rasheed Al Maraj, Governor of the Central Bank of Bahrain, Dr Ahmed Abdulkarim Alkholifey, Governor of the Saudi Arabian Financial Authority (SAMA) and Dietrich Domanski, Secretary General of the Monetary Stability Board.
It will likely be moderated by Dr Gillian Tett, the Chairman of the US Editorial Board and America Editor-at-Massive, Monetary Occasions, to debate how regulation can maintain tempo with the pace of innovation and adapt to keep up the belief and confidence of shoppers. They can even share their views on the advantages and pitfalls of digital currencies, digital licenses that are trending within the Fareast amongst different pertinent matters impacting monetary companies at the moment.
Themed ‘Banking Beyond Digital’, the discussion board will spotlight a number of the challenges and alternatives within the area’s monetary companies sector; most notably, subsequent era digital funds and the way forward for digital currencies, regulation in digital age, the highest menace listed by CEOs; cyber safety.
With contactless rapidly turning into the most secure technique to pay, prospects now value the simplicity, seamlessness and safety supplied by digital funds. The latest spike on this development has additional been enhanced because of the protection measures being adopted globally in mild of the COVID-19 pandemic. Because the map of the digital funds panorama is redrawn, the sector might want to cooperate extra intently on digital funds whether it is to offer an enhanced banking expertise that places prospects’ wants first.
Bank ABC Deputy Group Chief Government Officer, Sael Al Waary mentioned: “The regulators will play a pivotal role in enabling innovation and development of the no-touch economy. We are really excited to host the Regulator’s Panel this year and look forward to hearing directly from them how they envisage the digital ecosystem of tomorrow.”
“Now in its fourth 12 months, and because the world adapts to a brand new regular, we’re excited to convey collectively an excellent broader and extra various illustration of main specialists from the monetary companies and fintech sectors in what has constantly been known as out as one of the crucial compelling and provoking occasions of its variety.
“With a major variety of incumbent monetary establishments realizing now greater than ever that digitization is not about progress however about survival, it has by no means been extra essential for private and non-private sectors to return collectively to share information and finest practices. As we proceed to facilitate the Fintech dialog, we hope to spur additional collaboration and innovation throughout the ecosystem for the higher good of society,” added Al Waary.
The MEA Fintech Discussion board underlines Bank ABC’s dedication to Bahrain and the area and helps Bahrain’s imaginative and prescient to change into a number one FinTech hub. Extra regional banks, monetary establishments, large tech and main consultancies are anticipated to participate within the Discussion board this 12 months. Bank ABC Group together with the digital, mobile-only bank, ila and digital funds supplier AFS, are engaged within the improvement of recent FinTech-led monetary companies and international ecosystems. – TradeArabia Information Service