Press release
Qatar is considering the topic of Virtual Currencies: HE Sheikh Abdullah Bin Saud Al-Thani
In a bid to meet the demands of new age customers, banks are taking the path of transformation, innovation and strategies. This leaves a lot of work to be done. Be it customer experience on digital platforms or the turnaround time to service any kind of request, banks have to ensure that the evolution of their services, products and processes is consistent to help them stay ahead of the curve.Qatar central bank is adapting to the new digi-banking trends like biometric-enabled ATM among others. Along with latest technologies in banking, QCB is considering the topic of virtual currencies. Qatar is expected to have the fastest growth rate for the digital transformation industry in the BFSI sector from 2015 to 2020.
Central Bank Governor HE Sheikh Abdullah Bin Saud Al-Thani made the remark as he delivered a speech on Qatar’s plans to build a hub for financial technology. He said the central bank would not focus on a single virtual currency but would look at how to set best practice for such currencies.
Central Bank Governor Sheikh Abdullah bin Saud Al-Thani will be delivering the inaugural keynote at 2018 edition of New Age Banking Summit, Qatar on 18th September 2018 at InterContinental Doha - The City, supported by Qatar Central Bank & Qatar Financial Centre Regulatory Authority. The summit will empower the banks to devise strategies that will help them keep pace with the evolving financial eco-system in this digital age.
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