Transforming BFSI enterprises
In recent years, fintech has transitioned from a buzzword into a central element of mainstream Banking, Financial Services, and Insurance (BFSI) operations.
Fintech is no longer considered “emerging”, or the exclusive property of tech geeks and, as a result, we have witnessed a growing number of BFSI companies putting their money where their collective mouth is, to invest in new technologies.
The rollout of tools such as blockchain, AI and robo-advisory reduce the manual processes involved with data sharing and allow for interactions that are more efficient. A founding principle of the knowledge economy, such developments benefit customers, banks and many other institutions in the chain.
As GCC nations race to position themselves ahead of global trends in the burgeoning fintech sector, a number of strategies to boost innovation have launched across the UAE, such as the DIFC FinTech Hive and the Abu Dhabi Global Market sandbox programme. Further initiatives, like the Dubai Blockchain Strategy, launched by His Highness Sheikh Hamdan, underline Dubai’s commitment to embrace technology and remain at the forefront of global fintech innovation, further strengthening the emirate’s financial sector. The Fintech Summit, Endorsed by Dubai Financial Services Authority and held under the theme “Transforming the BFSI enterprise” gathered 153 senior BFSI executives including CEO’s, CIOs, CISOs, IT Directors and Heads of Technology from the BFSI industry, across the GCC.
I would like to acknowledge the support of our valued speakers, sponsors, delegates, partners and members of the media, and thank them in helping Naseba bring this important event to the region at such a seminal time.
This post-event report provides a detailed breakdown of the proceedings of the summit and links to download presentations and photographs from the event.
Rouf Hyder Beigh
2017 edition held in association with
FINTECH 2017 IN NUMBERS
BFSI CIOs, CEOs, CTOs
Budget allocated to spend on Fintech (millions)
Average procurement time frame (months)
Enterprise-grade Fintech providers
Business meetings pre-scheduled
Actual business meetings conducted
RESEARCH AND PRE-QUALIFICATION
All potential buyers are extensively researched and pre-qualified to ensure they have:
a. Decision-making authority
b. Minimum allocated budget
c. Clear buying strategy
ADVANCE NOTICE OF BUYERS
One week prior to the summit you are sent a complete list of buyers’ project data; including their company name, products and services of interest and the budget allocated.
Meet buyers who have already expressed an interest in your type of products and services. These private sessions are designed to create deal-flow opportunities and new business relationships
Deliver a tailor-made presentation addressing the entire audience. You can either present a 15-minute keynote or a 5-minute elevator pitch..
The summit’s exhibition gives you the opportunity to showcase your range of products and services to all attending pre-qualified decision makers.
The networking lunch provides a perfect setting for meeting and networking with the who’s who of the UAE’s BFSI.