10th Banking Forum & Fintech EXPO - IMH Earning an A1 rating from Moodys Investors Service reflects the ITFCs efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment. MENAs fintech industry is predicted to enter a new growth era with Accenture and Fintech Hive projecting that by 2022, companies in the space will make up 8% of financial services revenue. They handled $78 billion in payments in 2020, 6 Migration and Remittances Data, World Bank, worldbank.org. Chaired by The Banker Magazines Michael Imeson, this years forum will feature thought leaders and key industry perspectives of how banks can implement innovative banking strategies. The governor of the Central Bank of Kuwait talks about the impact of slowing economic growth on the local banking sector, CBDCs and other digital initiatives, and the countrys nascent green finance initiatives. Deputy Assistant Administrator of the Bureau for the Middle East. REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. This report explores our forecasts for Turkeys elections, including how the possible outcomes could affect the countrys economic and business environments. ETP Client Reach A bespoke middle and back office module designed to streamline Islamic treasury and derivative transactions, including execution and documentation with our clients clients. ADCB is owned 62.52% by the Government of Abu Dhabi (Abu Dhabi Investment Council). Ten years later, the credit crunch's effects are still felt Middle East Banking Innovation Summit | 17-18 May 2023 | Dubai UAE Established 26 years ago in 1994 as a multilateral institution and a member of the Islamic Development Bank Group, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was tasked to promote cross-border trade and foreign direct investments in its member countries. This West Bank city used to be an oasis of calm. Not anymore Dr Mohamed Damak, Senior Director, Global Head of Islamic Finance, S&P Global Ratings Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Anita Wieja-Caruba The sector is facing pressure from a potential new financial crisis and contagion risks in emerging markets, including those in the Middle East. www.adcb.com. Money is now essentially being stored digitally, which has resulted in banking capabilities being expanded to adjacent markets like retail, e-commerce, hospitality etc. The UAE Banking Federation (UBF) is organizing its seventh annual forum entitled Middle East Banking Forum: Unlocking the Future, Shifting the Paradigm which will bring together 500 industry leaders including governors, c-executives from official banks, financial regulators and private sector entities. . Profits have improved across the sector, even as lending eases following last years Fifa World Cup. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises. We have extensive experience working with world-class financial institutions and organizations as well as professionals. Unlocking the Future, Shifting the Paradigm, Artificial Intelligence Pioneer and Chief Business Officer, Soul Machines, Head of Regulatory Development, Central Bank of UAE, Vice President, Legal & Director of Data Protection, DIFC, Head Business Development Digital innovation, Amazon Web Services, Partner with the Midde East Office, McKinsey & Company, Chief Executive Officer, Group Transaction Banking, CIMB, Senior EVP and Group Head, Retail Banking & Wealth Management, Emirates NBD, Founder of Codemotion LLC and Co-Founder of UPUP, Advisor, The Governor Office, Central Bank of UAE, Co-Founder of Codemotion LLC and Co-Founder of UPUP, Director, Information Security, Central Bank of UAE, COPYRIGHT 2019 | Middle East Banking Forum | ALL RIGHT RESERVED, 3rd November 2019 | Fairmont, Abu Dhabi, United Arab Emirates, Fairmont Bab Al Bahr, Abu Dhabi, United Arab Emirates, His Excellency AbdulAziz Abdulla Al-Ghurair, https://www.instagram.com/cnbcarabiatv/?hl=en. How can Shariah compliant instruments, including Sukuk, be further applied to the funding of alternative asset classes in the region? The UAE and Saudi Arabia has led the industry regulation already, joined by Kuwait. Mohammed Bin Abdullah Elkuwaiz, chairman of Saudi Arabias Capital Market Authority, on the surge in local listings, and the regulators plans for tokenised and virtual assets. Schwarzman Says Blackstone in Talks to Buy Regional Bank Assets What works, what doesnt and how to continue delivering unparalleled programs to our global audience. But . As at 30th June 2019, total assets were AED 537.8 Billion, (equivalent to approx. With the GCC boasting 51 Shariah compliant fintech providers on the IFN Fintech Landscape, what is a realistic assessment of the sector across multiple verticals? The combined asset value of 520 banks in the Arab World have exceeded US$4.25 trillion with deposits reaching US$2.65 trillion and loan advances exceeding US$2.6 trillion by September 2021, according toUnion of Arab Banks. Blackstone Inc. Chief Executive Officer Steve Schwarzman said the investment giant is in talks with several US regional banks to explore purchases of assets and loans they originate. Over the past five years, the value of transactions between mobile money platforms and banks grew fourfold, reaching $68 billion in 2020, up from just $15 billion in 2015. We seek the views of a distinguished panel. AbdulAziz Abdulla Al-Ghurair - Chairman, UAE Banks Federation 9:10 - 9:20 Opening Remarks by the Governor of UAE Central Bank Covering the region since 2004 and organizing industry-leading conferences in the Middle East since 2008, IFN will return in 2021 with a new brand in tow: IFN Middle East, a culmination of the various localized and global Islamic finance events under the IFN umbrella, with a specific yet wide-ranging regional focus. The Carrera Learning platform is part of Islamic Finance Navigator. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. By Steven Scheer. Islamic finance is deeply rooted in the Middle East, a region which continues to shape the modern Islamic finance industry globally. You have reached the limit of premium articles you can view for free. Dubai: The UAE's banking sector maintained steady growth in spite of volatility across global markets and regional challenges and it is expected deliver strong profitability in this year and the. 19 Upcoming Fintech Events to Attend in the Middle East Redmoney Consulting provides an expansive service allowing its consultants to provide advisory and consulting services at the highest level for the most discerning of clients. by Fintechnews Middle East 30. The total assets of global financial institutions grew at 15.98 percent to US$468.7 trillion, up from US$404.1 trillion in 2019, despite the COVID-19 pandemic that reflects the sectors resilience and the extent of digitization in the industry. and twice the country's minister of finance, wanted to get across when speaking at the Middle East Banking Forum a few years ago, in his capacity as chairman of . September 7 - 8, 2021. Senior Advisor Islamic Finance, Department of Economic Development (Dubai Economy), Tayyaba Rasheed Register here: https://openbankingboardroom.com/, Get the hottest Fintech Middle East News once a month in your Inbox. With a free-to-air TV channel, radio station and online platforms, it is the home of breaking news, business, lifestyle, arts, culture and sports coverage. KFHs long-trailed acquisition of Bahrains AUB has further concentrated banking in the hands of the countrys two largest institutions. IFN returns to Saudi Arabia for the seventh time to host one of the biggest events in its annual calendar. The UAE Banks Federation and The Banker proudly present the Middle East Banking Forum 2016: Transforming the Customer Experience, a half-day event focused on new approaches to banking in a period of immense change. Providing advisory services to business and governments. UAE banking sector to maintain steady growth - Gulf News REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level. The International Islamic Trade Finance Corporation (ITFC) is a member of the IDB Group. How can banks strike a balance between digital banking features and products while offering personalized services that caters to the needs of Millennials? cookies Open Banking will have the presence of decision-makers representing the regional central banks and top banking and financial institutions. United States Agency for International Development. Two-thirds of survey . Digitalisation, demanding customers, competition from unexpected quarters, cyber attacks and constantly evolving regulation. In its 22nd year, Middle East Investment Summit continues to be the conference of choice for regional and global sovereign wealth funds, family offices, private and institutional investors, high-level fund managers, economists and tech providers. Regional regulators such as UAE Central Bank, Saudi Arabian Monetary Authority, Central Bank of Oman and Central Bank of Bahrain are devoting diligent efforts to open banking initiatives and services through further collaboration with the market. CNBC Arabia is the Arab World's preeminent and first 24-hour Arabic language financial and business information Channel, presenting in-depth & up-to-the-minute coverage of regional and international affairs from an Arab economic perspective. 2015 - 2023 Copyright CK Finanzpro Ltd . where banking like functions are beginning to emerge and businesses that are comfortable working with digital technologies across industries are able to extend banking type capabilities to their customers and thereby get closer to the customer.What will be the impact of these recent trend on the banking industry, and what does the future hold for them? Follow the link to register:https://bit.ly/3vE5QLh. The World Bank has released a new Country Economic Memorandum on Yemen, highlighting challenges faced by the country and opportunities for recovery and growth. OBG provides business intelligence to its subscribers through multiple platforms: Economic News and Views, OBG Business Barometer CEO Survey, Roundtables and conferences, Global Platform exclusive video interviews, The Report publications and its Consultancy division. Confirmed speakers include experts representing organizations and companies such as the Dubai Financial Services Authority, Dubai International Financial Center, HSBC, Citi, National Bank of Oman, and more. Whats Powering the Fintech Revolution in the Middle East? In this years edition the forum will include well known speakers that will discuss the opportunities and challenges that are presented in todays financial industry. This article also features in Middle East Banking Forum. Middle East Banking Forum is a company that operates in the Financial Services industry. Rizwan Malik, Head Standards Implementation and Strategic Developments, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). With hundreds of delegates attending, MEBIS+ is set to be the largest and most influential banking technology event in the MENA region. The global appetite and requirements for converging has shifted and now more than ever, we are strategically planning our events to adapt to these changes in the face of disruption without compromising on the quality of knowledge transfer and outreach. IFINTEC Finance Technologies Conference and Exhibition will be held on October 12 and 13, 2021 in Istanbul, Turkey. While a spike in oil revenues is predicted to return government finances to a surplus for the first time since 2014, vital economic reforms appear as far off as ever. An exciting and timely virtual conference on its way discussing the future of financial industry in Middle East driven by innovation and digital advancements with adoption of technologies. Speakers / - Middle East Banking Innovation Summit IFN Saudi Arabia Forum 2020 Will be held Online to explore the opportunities in one of the most active and influential markets in the Islamic financial world, bringing the Kingdom onto the global stage and opening up the market for local, domestic and international players interested in entering this most vibrant of industries. U.S. Department of State. Contact Who is Middle East Banking Forum Headquarters United Arab Emirates Website www.middleeastbankingforum.com Revenue $46.3M Industry Banking As at 31 March 2017, ADCBs total assets were AED 264 billion. Banks are undergoing digital transformation. In this year's edition the forum will include well known speakers that will discuss . In the Middle East, the number of mobile money accounts reached 146 million with transactions value growing 26 percent to US$10.5 billion. Alongside its core news coverage, the channel has built a strong audience for its business coverage, daily sports analysis, and current affairs. October 2017. The annual IFN Asia Forum has been the biggest event in the industry since its inception in 2006, attracting over 1,000 delegates annually. Moving forward, we will deliver a blend of physical and online events, ensuring the best of both worlds. Built on 21 years of history, Seamless Middle East brings together the regional payments, banking and fintech ecosystem for two days of creative exchange, networking, inspiring talks. This cookie is set by GDPR Cookie Consent plugin. This suggests that more and more people are moving away from the margins of financial systems and leading increasingly digital lives. The growth of fintech has changed the way financial services are delivered. This report assesses the likelihood of four critical geopolitical and economic risks, and outlines the impact these would have on global operating environments. We have one of the largest and most experienced analyst teams in the world. FAB, the UAEs largest bank and one of the worlds largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Our analysts can be booked for virtual and in-person events, internal training or decision-making meetings. Explore EIUs latest forecasts for the Middle Easts banking sector and assess how a contraction in global economic activity will affect the region. The 50 banks have an aggregate market value of $548.1 billion. Head of Ethical Finance, ARX Financial Engineering, Dr Hurriyah El Islamy The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy.