Financial technology, also known as FinTech, has been one of the areas that made significant growth over the past years. It captured the attention of the financial industry, both banking institutions and venture capitalists, as it is considered to be the solution to a wide variety of challenges in the sector.
The rise of the digital technology in the financial industry has resulted to quite a number of good improvements. Some of the improvements have led to enhance marketing. Furthermore, ease of access was also observed. However, it has also generated a wide range of risks for central banks and various financial institutions, according to the leading experts of the industry. Some of these risks include fraud and security. This has been a longstanding problem not only in Qatar, but also in other countries as well. Many financial sectors around the world are working to address this problem.
Euromoney Qatar Conference 2015
The upcoming Euromoney Qatar Conference 2015, which will be held at The Ritz-Carlton, Doha on December 9 to 10, will be gathering a number of specialists that will look at the issues associated with financial technology, such as the rise of “crypto-currencies” and several solutions that are available for financial institutions, like the banks and financial services companies.
The conference also aims to analyze and evaluate the effectiveness of the development of the new wave of technology in Qatar, as well as to check the opportunities for the nation as it is developing its knowledge-based economy.
FinTech in the Global Scale
According to experts, the challenge for Qatar is to deploy FinTech gin a global scale. According to the survey conducted by the Economist Intelligence Unit in 2015, about 50 percent of the nation’s global banking executives believe that their organization lacks a clear and strategic vision for their future in digital technology.
During the opening morning of the Conference, the Minister of Information and Communications Technology, H.E. Dr. Hessa Al-Jabber will be delivering a keynote that addresses the digital future of Qatar. He will also be addressing the role of the ICT industry in securing, as well as maintaining the nation’s position of being the world class destination for trade and investment.
On day two of the conference, it will be opened with a series of panel discussions that will be focusing much on technology and finance. Several financial personalities will be in attendance, such as Gert Botha, the Chief Executive Officer of Hive Technology; and Hadi Raad, the Head of Emerging Products and Innovation for Visa.
The conference is among the several conferences that are set to run in the coming months which aim to focus greatly on many critical issues faced by the financial sector of Qatar.
The conference will be held under H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, who is the Prime Minister Of the State of Qatar. It will include contributions from H.E. Sheikh Abdulla Bin Saoud Al-Thani, Governor of Qatar Central Bank; Sir John Scarlett, Former Head of MI6; H.E. Mr. Ali Shareef Al Emadi, the Finance Minister of the State of Qatar; and Dimitris Tsitsiragos, the Vice President of the International Finance Corporation.
Overview of Euromoney
Euromoney Conferences is actually the leader in organizing the financial events of both the developed and developing markets for cross-border investments, as well as capital markets. Euromoney Conferences has run many events in over 60 countries since the late 1970s with booming success. It has organized some large-scale conferences in the major financial capitals throughout the world. It has also organized conferences for selected Middle East countries, most notably Egypt, Kuwait, Lebanon, Saudi Arabia, and Qatar.