National Bank of Kuwait (NBK) is sponsoring the International Banking Conference "Shaping the Future" organized by the Central Bank of Kuwait (CBK) that will be held on September 23, 2019 at the Four Seasons Hotel in Kuwait City. The prestigious event will welcome an audience of top- key policymakers, senior banking industry executives, banking experts and FinTech entrepreneurs from across the globe.
Ms. Shaikha Khalid Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait will participate in one of the panel discussions focused on the key trends affecting the banking sector and the needs for the industry to evolve in order to keep pace with the future.
Discussions will also cover other topics including changes in the technological landscape and the increasing competition from FinTech companies, as well as addressing traditional banks’ need in order to face the rising FinTech evolution and to remain at the heart of the financial services industry in the future.
The discussion session will also include the challenges facing the modern banking industry, including the main threats to the global economy as well as the changes in customers’ composition and age groups.
Several key financial industry figures will participate in the panel discussions including H.E. Rasheed Al Maraj – Governor, CBB, Mr. Abdulaziz Alghurair, CEO – Mashreq Bank, Ms. Catherine Mann – Chief Economist – Citi and Mr. James Cliffe, Managing Director – Refinitiv.
“Shaping the Future” conference aims to provide insights on the best ways to develop the banking industry and how to meet the various challenges surrounding the industry, in addition to developing a collective vision for the banking industry’s future, so that it can continue to grow and contribute positively to economic and social development.
The conference will examine the economic and social challenges facing the banking sector and the opportunities and threats posed by technological innovation, laying out a vision for how the industry can thrive and better support sustainable economic development. Through four focused panel discussions and keynote presentations, the conference will provide a detailed, nuanced framework of what the future will hold for the global banking sector as we head into the 2020s. It will also discuss the importance on how banks should respond to the ongoing transformational changes, especially as millennials, who are fast becoming the dominant consumer group, see little distinction between longstanding banks and their digital-only rivals. This is blurring the lines between financial services and other industries and posing challenges to regulators who must strike a balance between nurturing innovation and mitigating risk.
Moreover, the conference will also discuss the prospects of global economic growth and the available tools and the threats posed on growth opportunities, including the ongoing political uncertainties, trade tensions and the volatility of commodity and currency markets. The conference will also seek to answer how the banking sector can prosper, delivering returns to shareholders while also supporting sustainable economic development at a time of rapid change within the industry itself.
© Press Release 2019