Most Anticipated Banking Innovation Event in Dubai is Finally Here

Dubai - 27 September 2012

Organisers of the Middle East Banking Innovation Summit expect more than 300 banking and finance professionals to attend this year’s event, making it the biggest banking innovation and technology event ever to be held in Dubai. Taking place on 1-2 October at the Jumeirah Emirates Towers in Dubai, the summit will attract VP’s, CEO’s, CIO’s, and senior experts from over 100 Middle Eastern banks, as well as exhibitors from some of the world’s largest banking technology companies.

The conference will bring together leaders in the banking and finance sector to discuss strategies and best practices in a drive to grow Islamic banks in the international market through leveraging innovation. Big names such as Sheikh Dr Hussein Hamed Hassan, Chairman Shariah Board of the Dar Al Sharia, Dubai Islamic Bank and Ashraf Shoukry, CIO of Ajman Bank, are amongst the powerful line-up of speakers who will be educating on the importance of innovation in the banking industry and what they anticipate the future will look like for money and the Middle Eastern finance sector. Being one of the world’s fastest growing markets, banks in the region are looking to take advantage of cutting-edge technology and solutions to support the financial growth.

The Middle East Banking Innovation Summit will consist of more than 20 sessions over two days, with presentations and panel discussions being included as part of the unique format. Along with the networking opportunities vital to the success of the event, the delegates will also be involved in the idea sharing at the ‘Roundtable’ sessions being held on Day 2. As part of summit’s aim to drive innovation, roundtable groups will be formed to discuss key industry challenges and find strategic solutions. The distinct combination of senior experts, banking and finance professionals and thought-leaders provides a platform for the sharing of experiences and projections necessary in growing the Middle Eastern banking sector.

Banks are now moving their focus to the customer, with experience and engagement being vital in providing the convenient and rapid service that is now demanded. Software giant and Platinum Sponsor SAP will be one of the technology vendors showcasing their products and services at the ‘Innovation Lounge’ to promote the customer centricity and innovative culture which is now desired by financial institutions to be competitive both regionally and globally. Mobile technology, social media applications and ‘The Cloud’ are advances which work to improve banking services for customers, whilst cutting the costs to banks. Talks on developing strategies to support the new technology and operationalizing data quality will accompany the display of cutting-edge solutions.

Amongst discussion on the opportunities and value created through adopting new technology will be a focus on the challenges and risks associated with implementing these radical tools. Alexander Zarovsky, Head of Business Development at Infowatch, believes that the idea sharing at the summit will be influential in encouraging innovation within the banks and financial institutions of the Middle East. “We look forward to leading the discussion on managing IT-related risks in banks and to assist them in implementing effective data loss prevention and protection suites, monitoring customer experiences on social media in banking and creating custom-tailored solutions in the region”. Zarovsky will be one of the speakers in the impressive selection of industry experts giving presentations.

Expotrade are the organiser of this year’s conference, in strategic partnership with Dubai Internet City and Dubai Outsource Zone. A global conference and event organiser, Expotrade has delivered some of the largest, most successful B2B industry conferences and events in the construction banking and finance, healthcare, IT and energy sectors.

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