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Qatar is considering the topic of Virtual Currencies: HE Sheikh Abdullah Bin Saud Al-Thani

07-31-2018 09:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: UMS Conferences

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.

About UMS Conferences:
The wholly owned subsidiary of UMS International a multinational media company and publisher of Bloomberg Businessweek Middle East, UMS Conferences is the global leader with several congress, conferences, awards and strategic forums which attracts the world's brightest mind and most influential decision-makers.
UMS Conferences presents an extensive portfolio of industry-leading and stimulating congress, conferences, awards and expos around the world. Known for building platforms which create value and deliver an unmatched delegate experience, UMS events offer premium branding as well as networking opportunities for partners.

With flagship events like UAE India Economic Forum, Arab IPO Congress, CDO Conclave SME Banking Egypt, New Age Banking Congress, our events attract a high caliber of delegates, speakers and partners, who value the knowledge that our events offer. Aligning with our events is a powerful way to engage with this high profile audience and reinforce your expertise and credibility.

Media Contact:
Apeksha Verma
apeksha@umsconferences.com
W: http://newagebankingsummit.com/qatar/
Office # 802, Tower ONE, World Trade Centre,
Pune 411014, Maharashtra, India

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