Dubai, United Arab Emirates: The eighth edition of the Middle East Banking Innovation Summit, with IBM as Title Sponsor got underway today. Organized by global conference organizers, Expotrade, the two-day event covers over 45 subject matter experts delve deep into discussions on the latest trends, developments and emerging technologies in the banking sector in the region. Through a combination of keynote presentations, fireside chats, panel discussions, and case studies, the two-program agenda will focus on a wide range of topics related to the impact of technology in the banking sector with an emphasis on the challenges faced.
For the first time, the Middle East Banking Innovation Summit will host roundtable discussions after the conference sessions, with topics on Building blocks to World Class Financial Solutions in the UAE, Scaling digital-Moving from strategy to execution, The Future of Collaborative Finance, Getting the most out of Machine Learning and AI in Banking, and Disruptive innovations in the banking industry.
International speaker Pedro Pinto Coelho, Chairman and Chief Executive, BANCO BNI EUROPA delivered the opening address on the topic Traditional Banks VS FinTech. He was followed by Naveed Minhas, Banking Industry Leader MEA, IBM Global Business Services, who presented on the topic Platform Banking - How to Disrupt the Market.
Another highlight of this year’s event was the fireside chat with Paolo Barbesino, Senior Vice President & Head of Multi-Channel Banking, Emirates NBD; Noman Rasheed, Chief Information Officer, Noor Bank; Naveed Minhas, Banking Industry Leader MEA, IBM Global Business Services and Nabilah Annuar, Editor, Banker Middle East. The discussions focused on how banks are adapting with the digital transformation processes underway, how the role of a CIO is contributing to transformation in the UAE banking sector and on concepts such as open banking, amongst others.
Mr. Brad Hariharan, Regional Director, Expotrade Middle East, organizers of the Middle East Banking Innovation Summit said, “As fintech has moved beyond just being a buzzword, the banks in the region have begun their visionary journey to move from nascent implementations to pathbreaking success. Technologies such as blockchain, IoT, AI and advanced analytics have penetrated into the UAE banking sector, thereby helping the banks to enhance their services in line with customer centricity. Against this backdrop, the Middle East Banking Innovation Summit provides a platform for experts to share insights on how technology has wholly transformed the way consumers use the banking services.”
The first day of the event covered topics pertaining to how successful banks approach digital transformation to guarantee the best customer experience, convergence of transformative technologies in banking, four pillars of the digital-first bank by subject matter experts from Comarch, Microsoft and Backbase respectively.
The panel discussion on mobile banking’s impact on branch-based banking saw subject matter experts Aref Al Ramli, SVP, Head of Digital Banking & Innovation, Mashreq; Harish Vaidyanathan, Vice President - Product Marketing, Vymo; Marwan Hadi, Head of Retail Banking and Wealth Management UAE, HSBC Bank Middle East Ltd; Philip King, Global Head of Retail Banking, Abu Dhabi Islamic Bank; and Ravikiran M A, Head - Digital Banking and Innovation, Union National Bank engage in a discussion on how the rise of challenger banks and e-wallets is posing a threat to the traditional banking models and affecting the industry.
Daragh O’Byrne, Global Head, Marketing and Alliances, Nucleus Software shared the company’s views on the next phase in the revolution in financial services at a session titled “Transforming Financial Services Beyond Digital”. He shared insights on how to redefine customer experience when everybody goes digital, leverage artificial intelligence (AI), bots and analytics to differentiate offerings and accelerate the digital revenue.
He further commented, “We have been present in the MEA region for over a decade and are working with more than 45 financial services companies. At Nucleus, we are committed to leveraging the power of new technologies including AI, Bots, Analytics and Cloud in lending our solutions to help banks in the Middle East drive transformation beyond digital. Our unique portfolio of offerings including FinnOne Neo, Lending Analytics and Digital Portal will enable banks to enhance their end to end lending processes to offer an unmatched personalized experience to their customers”.
The panel discussion on the role of CIO in competitive advantage had experts Mohamed Jaffar, AVP- IT, Sharjah Islamic Bank; Nicholas Hacking, Sales Director, ERI Bancaire SA; Noman Rasheed, Chief Information Officer, Noor Bank; Sanjay Khanna, Chief Information Officer, RAKBANK and Zubair Ahmed, Chief Information Officer, Emirates Islamic Bank engage in a discussion.
Over 50 companies have sponsored this event, with IBM as Title Sponsor, Comarch as Platinum Sponsor, Microsoft as Strategic AI & Cybersecurity Partner and a host of leading technology companies based locally and across the globe, supporting this event.
The second day of the event will cover 10 sessions in total with international speaker Julian Wilson, Product Owner Group Innovation, Barclays UK opening the event.
More information on the 8th Annual Middle East Banking Innovation Summit is available now at http://www.bankinnovation-me.com. Follow the Summit on social media with the hashtag #MEBIS2018.
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About Expotrade
Expotrade is a global conference and event organizer with its head office based in Melbourne, Australia and a regional office in Dubai, United Arab Emirates. Expotrade has delivered some of the largest, most successful B2B industry conferences and events. For almost 15 years, our unique blend of knowledge, experience and flexibility has accomplished an array of consistently top quality events. Today, Expotrade events enjoy such a distinctive edge, they are amongst the best patronized in the calendar.
For more information, visit www.expotradeglobal.com
Contact information
Lakshmi Ramarajan
Expotrade Middle East FZ-LLC
Tel: +9714-4542135
Email: marketing@expotrade-me.com
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