|13 November, 2019

Emirates institute for banking and financial studies hosts session on innovation for UAE nationals

Attended by over 212 UAE nationals, the hands-on workshop was designed to explain the entire cycle of innovation process and covered all the important steps in the process starting from generating ideas to converting them into business opportunities.

Dubai-UAE: Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, recently organised a session on Innovation Strategy by Dr. David Ricketts, Innovation Fellow at Harvard University.

Attended by over 212 UAE nationals, the hands-on workshop was designed to explain the entire cycle of innovation process and covered all the important steps in the process starting from generating ideas to converting them into business opportunities. The session also discussed the concept of disruption in banking and how the banking and financial sector is expected to develop in the coming future. Case studies of the ways successful industries are using disruption to their advantage were also discussed in the workshop to give participants a new perspective on how they can embrace disruption to their advantage.

Mr. Jamal Al Jassmi, General Manager at EIBFS, said: “It is pleasure to have Dr. David Ricketts amidst us to share his knowledge on innovation with the Emirati professionals in the banking sector. The new face of banking is building the need to adopt new technologies and to be more creative. The workforce also needs to keep pace with the disruptive innovation by being updated on the disruptions in the industry. UAE nationals are among the highest in the UAE banking workforce and through such efforts we hope to build their capacity and keep be ready for the change. With Dr. Ricketts’ professional qualifications, we are sure that the attendees have taken away valuable information and focused understanding of innovation in banking.”

On his part, Dr. Ricketts, said: “I am thankful to EIBFS for inviting me to conduct the session on Innovation. It was an extremely engaging and interactive session with the Emirati banking professionals. The banking industry has been one of the early adopters of technological advancements and innovation in the sector has been key in its growth. This will not only help the industry but also help the individuals in advancing their careers in the sector.”

Dr. David Ricketts is a renowned technology, entrepreneurship and innovation speaker. Dr. Ricketts has held appointments at Carnegie Mellon University, Harvard University, MIT and North Carolina State University. For the past decade, he has been taking courses at the School of Engineering and Applied Sciences. In addition, Dr. Ricketts is an award-winning scientist and engineer whose innovations have been featured by Popular Science, Smithsonian, NBC News, CBS News, Fox News, ESPN, and many other science news outlets. He is the recipient of the National Science Foundation Career Award and the U.S. Defense Advanced Projects Agency (DARPA) Young Investigator Award. His work has appeared twice in Nature and his scientific research focuses on the physical limitations of circuits and systems and how to address them through new materials, circuits and devices.

EIBFS has been constantly upgrading its training courses and has built partnerships with relevant stakeholders and organizations to introduce new learning solutions. Changing industry, changing skill set and changing learning styles are three pillars on which EIBFS learning solutions for 2020 are based. With learning solutions for futuristic skills like fintech, analytics and Innovation, EIBFS is taking the lead in preparing the talent pool for the banking sector of the future in UAE.  The Institute has partnered with specialist training and technology solutions providers in the USA and Europe to empower finance professionals with cutting-edge skills.

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About EIBFS

Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training center, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services, located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped promote the careers of Emiratis. All academic programs offered by the Institute are accredited by the Commission for Academic Accreditation (CAA) at the Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world.

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