This has made the adoption of open banking a very important strategy for banks to venture in and leverage its potentials in this new normal as the future of banking and payments post pandemic has to be open for the sector to survive and compete. With open banking, banks will be able to increase revenues, attract new customers, open themselves up to new collaborations and stand out from competition. To ensure they will be disruptors rather than disrupted, banks must act now.

Many countries in the world have gone ahead with open banking initiatives. An estimated global revenue opportunity of $9.3 billion is expected to be created by Open Banking by 2022. A study recently conducted by Finastra revealed that 86% of banks surveyed are looking to use open APIs and enable Open Banking capabilities in the next 12 months. In the Middle East, Bahrain is leading the way where the draft regulations were issued in November 2018, and the first set of solutions were launched by December 2019. Saudi Arabia is also progressing fast on the adoption of Open Banking. In the near future, the Middle East will soon have a matured Open Banking ecosystem where financial institutions and Fintech companies will come together to create superior banking experiences.

To discuss this and more, the Open Banking MENA Digi-Conference will bring together senior decision makers from central banks, leading banking and financial institutions in the MENA region to discuss the potentials of Open Banking in the region’s financial services market as well as the opportunities it creates for the banking industry in the MENA region.

Who will Attend Open Banking MENA Digi-Conference?

Regional C-suite executives from central banks, leading banks, and financial services institutions from across the MENA region involved in the development and implementation of digital innovation:

• CEO
• VP’s
• COO
• Chief Digital Officer
• CFOs
• COOs
• CIOs/CTOs
• CISO
• Chief Security Officers
• Directors of Cloud

Why get involved?

• Discover – series of available advanced digital and disruptive open banking technology solutions in the market that you can implement and test quickly allowing you and your business to stay connected and ahead of competition.

• Learn – about APIs and open banking and how they can transform the BFSI sector in the region and how it will create opportunities for your bank to be an industry leader in your market.

• Get Inspired in a time of uncertainty – Engage in valuable conversations with peers from other organisations, large, medium and small, in an intimate environment and learn how they are planning to implementing new API technology to drive their open banking strategy.

• Build industry partnerships – Meet and build relationships with innovative business executives and sharp skilled digital technology solution providers who can support with your urgent business requirements