Tuesday, September 17, 2024
Riyadh is gearing as much as host the fifth Annual Future Banks Summit & Awards KSA, probably the most anticipated occasions within the monetary trade calendar, on September twenty fourth and twenty fifth, 2024. This 12 months, the summit will give attention to improvements reworking the banking panorama in Saudi Arabia and past, together with synthetic intelligence (AI), digital funds, cloud migration, cybersecurity, and information analytics. The summit goals to assist the Kingdom’s banking sector stay future-ready and aggressive in a quickly altering world monetary surroundings.
The 2024 version of the occasion will convey collectively over 200 know-how and enterprise leaders from native and regional banks and monetary establishments. Keynote periods, panel discussions, reside case research, and interactive workshops will present a platform for in-depth exploration of essentially the most vital challenges and alternatives going through the banking trade in Saudi Arabia. The summit’s emphasis on sensible case research and collaborative discussions ensures that attendees will depart with actionable insights and techniques to drive innovation of their organizations.
Pioneering Monetary Innovation in Saudi Arabia
With the formidable Saudi Imaginative and prescient 2030 initiative as a backdrop, the summit will spotlight how know-how and innovation can propel the Kingdom’s monetary sector to world prominence. This imaginative and prescient goals to diversify the economic system, modernize the banking sector, and place Saudi Arabia as a worldwide monetary hub. The convention will study how these targets will be achieved by way of the adoption of cutting-edge applied sciences akin to AI, clever automation, and hyper-personalization in banking providers.
Among the many key matters to be mentioned are reworking core banking for the long run, the rise of open banking and tremendous apps, and the way these improvements are reshaping buyer expectations. The summit will even handle the evolution of cost programs, specializing in the shift in direction of cashless funds and the rising significance of digital cost platforms within the Kingdom.
The Affect of AI, Information Analytics, and Automation
Because the world more and more strikes in direction of digital-first options, the position of AI, information analytics, and clever automation in banking is changing into extra vital. These applied sciences not solely streamline operations but additionally improve buyer expertise by enabling hyper-personalized providers. One of many occasion’s key audio system, Sonny Supriyadi, Chief Information Analytics Officer at Maybank, will discover how AI and information analytics are altering the sport for banks worldwide, together with these in Saudi Arabia.
“Conferences like the Future Banks Summit are essential for industry experts to discuss current trends and best practices. It’s vital to share knowledge and insights, as banks need to adapt to the fast-evolving market conditions to stay competitive,” stated Supriyadi. He emphasised the significance of fostering dialogue between trade leaders, regulators, and policymakers to make sure the event of efficient methods that help the banking sector’s development and innovation.
Future-Proofing Saudi Arabia’s Banking Sector: Key Areas of Focus
The fifth Annual Future Banks Summit will cowl a variety of urgent matters for Saudi Arabia’s monetary sector. Attendees could have the chance to discover and talk about key areas akin to:
Saudi Imaginative and prescient 2030: The summit will delve into how Saudi Arabia can turn out to be a worldwide monetary chief by modernizing its banking sector, diversifying its economic system, and fostering innovation.
Core Banking Transformation: The discussions will give attention to learn how to create a future-proof monetary panorama that meets the rising calls for of digital-savvy prospects.
Open Banking and Tremendous Apps: Consultants will talk about how open banking frameworks and tremendous apps are reshaping the trade, providing prospects a extra customized and built-in monetary expertise.
Buyer-Centric Banking: A key focus shall be on reimagining buyer experiences by way of the usage of information and AI, serving to banks present extra customized, customer-focused providers.
The Fee Evolution: The summit will even discover the fast evolution of cost programs in Saudi Arabia, together with the way forward for cashless funds and the way digital cost platforms are reworking the monetary panorama.
Non-Financial institution Monetary Establishments (NBFIs): The position of NBFIs in revolutionizing the monetary market in KSA shall be a key speaking level, highlighting how these establishments can complement conventional banks and drive monetary inclusion.
Retail Banking: Insights shall be shared on the present state of retail banking in Saudi Arabia, with a give attention to how technological innovation is bettering customer support and operational effectivity.
Native and Regional Leaders Share Their Experience
The summit will characteristic a distinguished lineup of audio system, together with leaders from main Saudi and regional banks, monetary establishments, and know-how companies. Audio system will present useful insights into the most recent tendencies and techniques shaping the way forward for banking in Saudi Arabia.
Among the many notable audio system are:
Faisal Al-Qadi, Performing Chief Data Safety Officer (CISO), Financial institution Aljazira
Nawar AlKhunizi, MD – Head of Protection, FAB KSA
Yazeed Abunayyan, CEO Saudi Arabia, Nationwide Financial institution of Iraq
Talha Bin Hafeez, Head of Open Banking, Banking as a Service & Digital Enterprise Solutioning, Financial institution Albilad
Khaled AlQassem, Head of High quality Assurance and Buyer Journey, BSF
Laila Alquraishi, Buyer Care Director, SME Financial institution
Dr. Ahmed Darwish, Head of Digital Supply, Financial institution Albilad
Nadir Ali, Chief Digital Officer, Morabaha Marina Financing Firm
Dr. Abeer Al-Humaimeedy, AI and Blockchain Skilled
Imran Hashim, Director Data Know-how Infrastructure, MEDGULF Saudi Arabia
Osama Bukhari, Head of the Banking Fee, ICC Saudi Arabia
Ladle Patel, Senior AI Advisor, Arab Nationwide Financial institution (ANB)
Dr. Yasser Alharbi, Managing Director, Alsagr Insurance coverage Firm
These consultants will present sensible insights on matters akin to AI, cybersecurity, open banking, and buyer expertise, amongst others. Their experience will assist form discussions on how the Saudi monetary sector can leverage know-how to thrive in a aggressive world market.
A Platform for Collaboration and Innovation
The fifth Annual Future Banks Summit & Awards KSA 2024 guarantees to be a pivotal occasion for Saudi Arabia’s banking trade. It would present a platform for trade leaders, regulators, and know-how suppliers to return collectively, share insights, and discover collaboration alternatives. With the fast developments in know-how and the rising expectations of consumers, the summit will assist banks and monetary establishments in Saudi Arabia keep forward of the curve and proceed to innovate.
As Saudi Arabia continues its journey in direction of changing into a worldwide monetary chief, occasions just like the Future Banks Summit play a vital position in driving innovation and shaping the way forward for the banking sector. By fostering collaboration, encouraging knowledge-sharing, and selling the adoption of cutting-edge applied sciences, the summit will contribute to the Kingdom’s efforts to create a future-ready monetary panorama.
