Cedar-IBSi Digital Banking, Payments & Lending Summit

The global payments and lending industry is witnessing a rapid transformation. Customers seek smooth experience and real-time payment services as the banking sector goes digital and new technology advances become more frequent.

Cedar-IBSi Digital Banking, Payments & Lending Summit has engaging discussions with industry experts (FIs, FinTechs, Regulators) on the changing landscape and emerging regulations that will impact the future of digital payments and lending ecosystems.

Participate in engaging discussions with our analysts & industry experts (FIs, FinTechs, Regulators) on the changing landscape and emerging regulations that will impact the future of digital payments and lending ecosystems.

Digital Transformation Reshaping
GCC’s Financial Landscape

Countries across the GCC are witnessing a profound transformation in their financial landscape, driven by a wave of digitalization. Theadvent of advanced technologies, such as Artificial Intelligence (AI), cloud, blockchain, and data analytics is revolutionizing the wayfinancial services are delivered and consumed in the region.

Digitalization has become the primary arrowhead reshaping the banking sector in the GCC. With increasing digitization initiatives,financial institutions are embracing innovative solutions to enhance operational efficiency, improve customer experiences, and drivefinancial inclusion.

AI has emerged as a game-changer, empowering banks to streamline processes, automate manual tasks, and deliver personalizedservices. At the same time, cloud has unlocked new possibilities for scalability, agility, and cost-efficiency in the financial industry.

Customer expectations are rapidly evolving, with 89% of GCC consumers preferring to conduct their banking online than visiting abranch and 77% accessing digital services at least once a week and 88% willing to open an account in a digital-only bank.

A similar trend is seen in the payments space where instant digital payments are picking up pace, driven by customer preferences,progressive regulations, and a thriving FinTech ecosystem. The transition to a cashless society is creating opportunities in the formof mobile wallets, alternative currencies, cross-border remittances, and BNPL, among others. In fact, the UAE is likely to become acompletely cashless economy by 2030.

Banks have the opportunity to reimagine the credit ecosystem with alternative data, which can revolutionize traditional lending practices and improve financial inclusion. By incorporating nontraditional data sources such as social media, transaction history, and behavioural patterns, lenders can gain deeper insights into borrowers’ creditworthiness, enabling more accurate risk assessment and expanding access to credit for underservedpopulations.

Banks are also fostering partnerships with FinTechs, which is helping them drive innovation in the financial industry. By combining the established infrastructure and regulatory expertise of banks with the agility and technological advancements of FinTechs companies, these partnerships are driving the development of innovative products, services, and customer experiences, ultimately reshaping the future of banking. This is reflected in the significant uptick in funding for FinTechs in the Middle East in recent years.

The Cedar-IBSi Digital Banking, Payments & Lending Summit explores this rapid digitization, with perspectives drawn from industry experts across global banks and technology players sharing their views on a wide range of topics, reflecting emerging technology trends and their implications on the industry.

As digital banking accelerates globally, banks must rapidly leverage technology to provide customers with a seamless and convenient banking experience, while also ensuring data privacy and security. How can banks in the UAE and GCC best utilise global practices to keep up with society’s digital transformation?

Kafalah is the SME financing guarantee program in KSA and amongst the most successful guarantee programs globally. Find out how Veefin Solutions repurposed its composable Digital Lending low-code platform to build a Digital Loan Guarantee solution for Kafalah.

Instant digital payments are picking up pace in the UAE, driven by customer preferences, progressive regulations, and a thriving FinTech ecosystem. The transition to a cashless society is creating opportunities in the form of mobile wallets, alternative currencies, cross-border remittances, and BNPL, among others. How can banks and payment solution providers adapt quickly to remain competitive in this dynamic environment?

Cloud has become the norm, for traditional banks and Neobanks alike. Discover the obstacles encountered in transitioning to or setting up in the cloud from Cloud4C’s extensive tech implementations at banks across the GCC region.

Lenders can make more informed credit decisions by leveraging alternative datasets in addition to traditional financial data that is now being made available by credit bureaus and other data providers. How can banks leverage the opportunity to unlock new market opportunities in retail and corporate lending?

NextGen technologies like cloud, blockchain, metaverse, AI, & analytics are revolutionizing the banking sector across the globe. How can banks in the UAE and GCC take advantage of these innovations to better meet customer needs and expectations in this fast-digitizing world?

Head of Payments GTM
Swift
Vice President - BFSI
Cloud4C Services
Head of Research
IBS Intelligence
Managing Director, Universal Banking
Finastra
Chief Commercial Officer
Wio Bank
Global Transaction Banking Solution Lead
Oracle Financial Services
Chief Executive Officer
NEOPAY
Senior Partner
Cedar Management Consulting International
Managing Editor
IBS intelligence
Managing Partner – MENA Fintech Practice
Cedar Management Consulting International
Senior Partner, FinTech Practice
Cedar Management Consulting International
EVP - Head of Digital Transformation & EPMO
RAKBANK
Managing Director - Digital Channels & Data Analytics
Standard Chartered Bank
Senior Executive Officer & Board Director
DP World Financial Services
Director Sales - ASIA & ME
Expleo
Regional Director - Central Eastern Europe, Middle East & Africa
Backbase
Managing Director
Veefin
Head of Information Technology
Kafalah
Group Chief Business Transformation and Technology Officer
Network International
Deputy Chief Executive Officer
Dar Al Sharia
CEO
Al Maryah Community Bank
Head – Operations Digitalization & Transformation
Banque Misr
Senior Vice President - Credit
Aafaq Islamic Finance
Acting Group Chief Technology Officer
First Abudhabi Bank (FAB)
Co-Founder & Ex CEO
TNEX Bank
Senior Vice President - Payments
Kiya.ai

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