Dubai: Middle East Banking Forum examines the future of the sector after 10 years

The sixth edition of the 2018 Banking Forum in the Middle East was launched in Dubai under the theme "The banking sector in 10 years". "The agenda of the forum was very busy and provided an overview of the basic directions that will contribute to the development of the banking system over the next decade," said the president of the Union of Emirates Bankers, Abdulaziz Al. Ghurair. "The active participation of regulators, industry professionals and senior executives reflects the commitment of industry stakeholders to work together and make efforts to ensure a bright future for the region's banking sector."

He highlighted the stability of the banking sector in the UAE and its continued growth despite regional challenges and global market fluctuations. He pointed out that "the Emirates Bank Union has launched several initiatives as part of its efforts to contribute to the development and growth of this sector".

The forum, organized by the Bank of the United Arab Emirates, presented interesting discussions and meetings on the main challenges and opportunities of the banking sector and the outlook for the banking sector over the next ten years.

"What the financial sector is going through is a major shift driven by the emergence of new technologies that demand a proper balance between regulation and innovation, allowing consumers and banks to take advantage of new opportunities," said Uli Rehn. Governor of the Central Bank of Finland. .

The Forum's agenda included various roundtables, including: "Defining a Successful Retail Banking Strategy in the Digital Age", giving stakeholders an in-depth look at the evolution of retail banking through payments Digital, open banking software platforms, Data, encrypted currencies, Qin Block, cloud computing, automated process automation, artificial intelligence and other Internet resources. The dialogue session focused on the development and implementation of a future strategy to transform technological development into real opportunities and to meet the challenges of increasing competition due to several factors. , including technology and financial companies, the evolution of customer demographics and current interest rates.