Digging Deeper into Resilient and Agile Transformation Strategies – Finnovex Middle East 2021

RAKBANK, Dubai International Financial Center (DIFC), SmartStream, Network International L.L.C, Backbase, Abaka, Smartmessage, Confluent, Appway, IDS Fintech, Creatio, Smart Middle East Ltd,Faloos were well-represented at the 3rd Annual Edition of Finnovex Middle East to champion the conversation on what the future holds for the banking and financial sector in the Middle Eastern region.

The Leading Summit on Financial Services Innovation and Excellence, which kicked off from the 7th – 8thSeptember 2021 was held in-person at Conrad Dubai and the host’s virtual platform witnessed the attendance of 1000+ CEOs, CDO’s, COO’s, CIOs, CISOs, CTOs, CRO’s Senior Vice Presidents, Vice Presidents, Directors, and Heads of departments from the Banking and FI industry.

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This spectacular event was very timely as it highlighted the imperative to endow the digital future of the region by developing and leveraging new technological solutions in data, advanced analytics, digital and new delivery platform.

Insights were dished out with a blend of fireside chats, panel discussions, and expert presentations. Industry thought-leaders explored trailblazing topics, which included – Open Banking and API’s; AI; Cloud Automation; Digital Transformation; Cyber Security & Risk Management; Omnichannel Payments Revolutionizing; Data Analytics &et al.

The Conference Chair, Pritesh B.Kotecha, Senior Vice President – Europe, Middle East & Africa at SmartStreamhighlighted how timely the conversation was in relation to his role played within the industry wealth of experience in relation to the current digital disruption era.

At the Speaking Session ofFredericDe Melker, Managing Director – Personal Banking at RAKBANK, buttressed the fact that at the moment the “Middle Man” in the service delivery process is dead. He further advised anyone seeing to still get a middle man needs to digitalise him. If banks want to succeeds & remain relevant decentralization is key.

RAKBANK, also known as the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major transformation in 2001, with a shift in focus from Corporate Banking to Personal and Business Banking.Today, the Bank offers a wide range of personal and business banking services throughout its 38 branches and its portfolio of electronic banking solutions, which include Telephone and Digital Banking. It also offers Sharia-compliant personal and business banking services via its Islamic Banking unit, RAKislamic.

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