Al-Nahedh discusses Agility of banks in 4th Industrial Revolution

Under the name "The Economic Growth Perspectives and the Future of Banking in MENA"

  
Mazin Al-Nahedh

Mazin Al-Nahedh

  • During 2020 IIF G20 Conference in Riyadh

Kuwait: Kuwait Finance House (KFH) participates in the IIF Islamic Finance G20 conference, to be held in Riyadh on February 21, as part of the G20 summit meetings in Riyadh G20.

KFH participation in the conference, which will be launched under the title "The economic growth perspectives and the future of banking in the Middle East and North Africa", comes within the framework and commitment to contributing and enriching international economic and financial conferences, in addition to promoting global banking services, as well as viewing the latest economic developments and discussing them with industry leaders and global financial experts.

During his participation in the conference, Group Chief Executive Officer at KFH, Mazin Al-Nahedh will discuss the importance of Cyber Risk in the banking industry and enhance efforts to face challenges and risks in this field, while continuing to upgrade the level of Cyber Risk systems and related technology to global standards.

Al-Nahedh also addresses the importance of social responsibility, community service, achieving sustainability at various levels, and the transition to a low-carbon economy. He will also address the obligations and responsibilities to the communities the bank serves.

Al-Nahedh will also discuss during the conference the importance of small and medium-sized companies (SMEs) as engines of economic growth, in line with Kuwait's 2035 vision to transform into a global commercial hub, while reviewing the leading role of KFH in supporting this sector.

Al-Nahedh will tackle the importance of digitization in banking services and the opportunity for banks to achieve huge business model transformation, in line with the accelerating global technological developments. In addition to the banks ’need to devise strategic plans to ensure the safety of all their customers’ financial data.

Al-Nahedh will also present his vision on Fintech, artificial intelligence, how banks can become more agile in the 4th Industrial Revolution, and the need to enhance the role of innovation in the work of banks.

Al-Nahedh deals with various other topics and themes, such as the need to continue developing human resource strategies in attracting talent and designing special training programs that meet global needs in the banking industry.

KFH is keen to participate in events and conferences that have a great impact aimed at developing the banking industry. KFH has long-standing experience, due to its long career, wide geographical spread and its leading position in the Islamic finance industry globally.

-Ends- 

Kuwait Finance House (KFH)

KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic financial products and services, not to mention a high standard of innovation and customer service.

KFH manages its operations in the GCC, Asia, and Europe through over 510 branches, including KFH-Turkey, to offer services for the bank's customers in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, and the UAE.

KFH's mission is to achieve highest levels of excellence and innovation in the field of customer service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation, superior customer service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com 

© Press Release 2020

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