Finance and banking sector facing unprecedented disruption today: Al-Sumait

KUWAIT: Al-Ahli Bank of Kuwait ( ABK) announced yesterday, that it is sponsoring the "International Banking Conference - Shaping the Future", held under the patronage of His Highness the Amir of the State of Kuwait: Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, at the Four Seasons Hotel, on Monday 23 September 2019.

Abdullah Al-Sumait, Deputy Chief General Manager at ABK said : "The finance and banking sector is today facing unprecedented disruption as technological innovations and economic and social challenges change the rules for how banks do business. While traditional banking models are being transformed as increasingly digital-savvy customers demand ever-evolving levels of service, this also presents tremendous opportunities for those organizations prepared to grasp them. ABK is proud to support this initiative organized by the Central Bank of Kuwait, and is committed to playing its part in shaping change in our banking sector."
The conference will host a wide range of prominent economic figures from central bank governors, heads of regulatory and supervisory bodies, high-level executives in the banking sector and international credit rating agencies, as well as a number of international organizations and standards bodies, banking experts and representatives of financial technology companies from around the world.

The agenda will address the economic and social challenges faced by the banking sector and the opportunities and risks arising from technical innovations, with a focus on the vision of developing the banking industry and supporting sustainable development. In addition, on the sideline of the conference will be the Financial Technologies Exhibition. More than 40 exhibitors from the local and international banking sectors, as well as major telecommunications companies in the region and a number of companies specialized in financial technologies will participate in the exhibition. ABK will have a booth at the exhibition to demonstrate its latest digital products and services.