openPR Logo
Press release

“Banks Should be Disruptors, Not Incremental Innovators”

09-24-2018 11:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: UMS Conferences

Banks in Qatar have recognized the role played by digital transformation in driving growth and efficiency. Banks are reassessing their business models to ensure that they are profitable and remain sustainable in the future. Change in economics, policies and regulations, coupled with the disruption and innovation triggered by technology, compel banks and financial institutions to work on their strategies and push the boundaries when it comes to technology.

The 7th Edition of New Age Banking Summit, Qatar brought together top thought leaders and industry experts who shared the best and next practices that make use of latest technologies, case studies and strategies, thus providing the opportunity to discuss and deliberate on the solutions and opportunities that exist in this new and cognitive age of banking. It was attended by over 170 banking professionals & Fintech leaders.

The speaker lineup consisted of C-Suite leaders from leading banks of Qatar such as Doha Bank, Qatar Islamic Bank, Standard Chartered, HSBC and many more who shared critical insights for the region’s banking sector.

Defining the roles of banks in ensuring better banking for the future, Hani Khalil, Head of E-Channels, Qatar National Bank said “Banks should be disruptors not incremental innovators in existing products and services”. “They need to re-evaluate banking models in order to create new value to customers” he continued.

Rauf Mammadov, Advisor to CEO, Qatar Development Bank, while speaking about how FinTech is fundamentally changing the way financial services firms operate said, “As a young and novel sector, FinTech is demonstrating early signs of its economic contribution, however the overall impact will be further determined as the sector matures over the next few years. FinTech has also become an indication of the innovation status of the hubs that have embraced this sector and as a result is serving as an anchor for innovation.”

The summit provided key insights on some of the most critical and challenging topics for the region’s banking industry such as Advanced Analytics, AI, mobile app security and more.

Co-located with the summit, the New Age Banking Awards recognized and celebrated outstanding achievements amongst the banking fraternity. Winners included Qatar National Bank - Best Bank & Best Bank in Sustainability; Qatar Islamic Bank - Excellence in Mobile Banking & Best Islamic Bank; Dr. R. Seetharaman - New Age Banker of the Year; Ahli Bank - Best Bank in Asset Quality; Al Khaliji Commercial Bank - Best Bank in Productivity; The Commercial Bank of Qatar - Fastest Growing Bank, GBM - Excellence in System Integration Award; VeriPark- Excellence in Customer Experience Solutions; - SAS Excellence in Banking Analytics and OneSpan - Excellence in Digital Transformation;.

About UMS Conferences:

Founded in 2015, UMS Conferences is a wholly owned subsidiary of United Media Services LLC, a leading media and communications company.

UMS Conferences has an extensive portfolio of industry-leading and stimulating summits, conferences, awards, strategic forums and expos around the world. It is known for building platforms that create value and deliver an unmatched delegate experience. Our events offer premium branding as well as networking opportunities for partners.

As businesses face disruptive challenges, there has never been a greater need for more knowledge and opportunities to collaborate and network. Our carefully curated conferences combine deep editorial insights with award winning event concepts, distilling the onslaught of information into something that can generate profits.

With flagship events like New Age Banking Summit, Global Blockchain Congress, Healthcare Innovation Summit, IoT Integration Summit, Finsec and CDO Conclave, UMS Conferences attracts a high calibre of delegates, speakers and partners, who value the knowledge we offer. Aligning with these events is a powerful way to engage with a high-profile audience and reinforce 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release “Banks Should be Disruptors, Not Incremental Innovators” here

News-ID: 1256545 • Views: 785

More Releases from UMS Conferences

“Advances in AI will start a new wave of re-shoring & localization”
The 8th Edition of New Age Banking Summit, Nigeria brought together top thought leaders and industry experts who shared the best and next practices that make use of latest technologies, case studies and strategies, thus providing the opportunity to discuss and deliberate on the solutions and opportunities that exist in this new and cognitive age of banking. It was attended by over 200 banking professionals & Fintech leaders.
Why Cloud Computing is Gaining Increasing Importance?
With increasing amount of data coming into and flowing out of a company, data analysis, protection and storage has become a hectic job. Organizations are looking for ways to manage this effectively. Cloud technology plays a vital role in data analyzing and storage process. Furthermore, the emergence of big data has necessitated the adoption of cloud analytics. Dell EMC, VMware & Intel are some of the leading companies providing cloud solutions. VMware
Data Analytics and Processing: The 360° Coverage by SAS
Data is the new oil for the businesses across the globe. Data management process is a continuously evolving one. Latest technologies come along every day to simplify this hectic job order and solve business problems with a strategic advantage. As big data, IoT and cloud technologies blend in with conventional methods, businesses are adopting the latest competitive strategies to stay ahead of competition. The two most important components of this
Data Analysing and Processing: The 360° Coverage by SAS
Data is the new oil for the businesses across the globe. Data management process is a continuously evolving process. Latest technologies come across every day to simplify this hectic job order and to solve business problems with the strategic advantage. As big data, IoT and cloud technologies are blending with conventional methods, businesses are adopting the latest competitive strategies to stay ahead of the curve. The two most important features

All 5 Releases


More Releases for Bank

Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf. This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021 Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021 Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other
India Retail Banking Market Dynamics 2018 by HDFC, SBI, ICICI, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,