Agenda

Today, global economy faces a number of risks, including increasing global debt, declining credit quality, market volatility and the threat of trade wars. With many analysists predicting a global recession on the horizon, what actions can policy makers take to mitigate these risks and promote a stable and robust global financial system?

The digital revolution has had an impact on many sectors, and banking is no exception. The growth of fintech has changed the way financial services are delivered. According to a report by the World Economic Forum, more than 50% of banking jobs will be automated by 2055, and new hires will be far more specialized.

Money is now essentially being stored digitally, which has resulted in banking capabilities being expanded to adjacent markets like retail, e-commerce, hospitality etc. where banking like functions are beginning to emerge and businesses that are comfortable working with digital technologies across industries are able to extend banking type capabilities to their customers and thereby get closer to the customer.

What will be the impact of these recent trend on the banking industry, and what does the future hold for them? Will incumbent banks retain their current position, or will new institutions, both from within and outside the financial services industry, push them to the fringes as they fight for the future of the financial services industry?

As the Islamic finance industry starts to mature in many established markets, where will the next stage of development and growth come from? What contribution will emerging, and frontier Islamic finance markets have in the next decade? What changes are required in the GCC to ensure continued growth and development? and what will be the impact of recent trends in the industry, such as green sukuk, Islamic fintech, and the alignment with ESG and SRI principles?

What does the future hold for the banking industry? What out of the box solutions can transform the industry? During this session, we will hear from young entrepreneurs who have wild ideas on how the industry needs to change, for the benefit of all stakeholders

Millennials are increasingly moving away from traditional forms of banking to tech-centered approaches that go beyond just mobile banking.  They want faster funding approvals, more ATM network access and built in money management and budgeting tools. How are Banks catering to this generation of new customers? How can banks strike a balance between digital banking features and products while offering personalized services that caters to the needs of Millennials?

Cyber security is the top risk of all boards and CRO’s.  Risk leaders are continuously challenged in adopting new risk management tools to meet the needs of rapid changes in digital transformations at Banks. What measures are risk leaders taking to stay abreast of new cyber threats? How can they improve effectiveness and cost-efficiency of risk management?