Open Banking MENA Digi-Conference 2021 | Great Minds Event Management | 25 January 2021 | Digi-Conference

The banking sector has been impacted in its earnings due to the global pandemic. Coupled with increased competition from financial technology companies who are increasingly expanding products and financial services to banking customers in ways traditional banks are not able to due to regulations.

This has made the adoption of open banking a very important strategy for banks to venture in and leverage its potentials in this new normal as the future of banking and payments post pandemic has to be open for the sector to survive and compete. With open banking, banks will be able to increase revenues, attract new customers, open themselves up to new collaborations and stand out from competition. To ensure they will be disruptors rather than disrupted, banks must act now.

Many countries in the world have gone ahead with open banking initiatives. An estimated global revenue opportunity of $9.3 billion is expected to be created by Open Banking by 2022. A study recently conducted by Finastra revealed that 86% of banks surveyed are looking to use open APIs and enable Open Banking capabilities in the next 12 months. In the Middle East, Bahrain is leading the way where the draft regulations were issued in November 2018, and the first set of solutions were launched by December 2019. Saudi Arabia is also progressing fast on the adoption of Open Banking. In the near future, the Middle East will soon have a matured Open Banking ecosystem where financial institutions and Fintech companies will come together to create superior banking experiences.

To discuss this and more, the Open Banking MENA Digi-Conference will bring together senior decision makers from central banks, leading banking and financial institutions in the MENA region to discuss the potentials of Open Banking in the region’s financial services market as well as the opportunities it creates for the banking industry in the MENA region.

Why get involved?

• Discover - series of available advanced digital and disruptive open banking technology solutions in the market that you can implement and test quickly allowing you and your business to stay connected and ahead of competition
• Learn - about APIs and open banking and how they can transform the BFSI sector in the region and how it will create opportunities for your bank to be an industry leader in your market
• Get inspired in the time of uncertainty - Engage in valuable conversations with peers from other organisations, large, medium and small, in an intimate environment and learn how they are planning to implementing new API technology to drive their open banking strategy
• Build industry partnerships - Meet and build relationships with innovative business executives and sharp skilled digital technology solution providers who can support with your urgent business requirements

2021 Speakers And Advisory Committee

ADVISORY COMMITTEE:

Steven Monaghan
Evp & Chief Digital Officer, Riyadh Bank

Yuri Misnik
Group Chief Information, Officer, First Abu Dhabi Bank

Ahmed Naeemi
Head Of Digital Transformation & Project Management, Bahrain Institute Of Banking And Finance

Noman Rasheed
Head Of Information Technology, Dubai Islamic Bank

Hariprasad Chede
Chief Information Security Officer, National Bank Fujairah

SPEAKERS:

Dr Erdal Ozkaya
Regional Chief Information Officer & Managing Director, Standard Chartered Bank

Maisa J Shunnar
Chief Digital Transformation Officer, Bahrain Islamic Bank

Steven Monaghan
Evp & Chief Digital Officer, Riyadh Bank

Yuri Misnik
Group Chief Information, Officer, First Abu Dhabi Bank

Noman Rasheed
Head Of Information Technology, Dubai Islamic Bank

Hariprasad Chede
Chief Information Security Officer, National Bank Fujairah

Ahmed Naeemi
Head Of Digital Transformation & Project Management, Bahrain Institute Of Banking And Finance

2021 Partners

MEDIA AND KNOWLEDGE PARTNERS:
• World Finance Informs
• Smart Money Match
• The Fintech Times
• The Fintech Power 50
• Holland Fintech

TECHNOLOGY PARTNERS:
• Red Hat
• Banfico
• WSO2