Riyadh – Mubasher: The fintech world will witness the kick-off of Finverse Forum which will be held at Arabnet Riyadh 2019 on Tuesday and Wednesday, 10 and 11 December.
Finverse Forum aims at exploring the latest trends in the fintech industry, the rise of challenger banks along with all the pioneering technologies through which customers can enjoy a transforming journey.
The next wave of innovation in digital payments will be among the topics to be discussed and covered in Finverse Forum, as well as the strategies being conducted by regional banks to compete in the digital banking era, according to a recent press release.
As the fintech industry has been rapidly disrupting the financial and banking sector, traditional banks and financial companies have benefited the industry in the past few years through a lot of traction.
New strategies that include blockchain, AI, challenger banks are being adopted by several banks in the region in the aim for innovative; this comes in line with teaming up with fintech startups to create and introduce new service offerings.
“According to Arabnet Business Intelligence, regional funding to Fintech companies topped $250 million in the period between 2012-2018, and based on KPMG’s Pulse of Fintech, global Fintech funding reached $111.8 billion at the end of 2018,” the press release concluded.
With adopting new ways of innovation and digital transformation, the use of digital technologies in the banking segment can revolutionise services and enable the creation of more tailored offerings to meet each client’s financial needs.
The MENA region has witnessed several banks that started shifting dependency from manpower capital to AI by introducing digitally transformed technologies such as chatbots and robo-advisors, in a way that reflected positively on both of time and efficiency.
Through the ongoing partnerships between fintech startups and banks, entrepreneurs are getting exposed to a window of opportunities established by a growing number of customers that welcome the transition from depending on cash into the world of digital finance.
Make sure to attend the Finverse Forum at this year’s Arabnet Riyadh for a chance to mingle with high-profile experts and leaders from the Fintech industry. Reserve your spot now!
