WEBINAR
Reframing growth with core banking Digitalization is on top of the agenda of every financial institution across the Gulf region as they seek to succeed in business and maintain a competitive edge in an overcrowded market
D
igitalization in the financial services sector is swiftly changing the field of play where incumbent banks are facing increasing competition from nontraditional entrants who are billing on customer experience as their point of sale. The outbreak of coronavirus created
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some exceptional challenges for all industries, but it also accelerated the rate of digital transformation in the financial services sector to record highs as the pandemic had a monumental impact on consumer behavior. Oracle and MEA Finance hosted the Connect Core Banking with Finance-
Banking and Finance news in the MEA market
A Winning Digital Strategy webinar in August where industry experts gave insight into how regional banks can leverage digitalization to drive growth and boost revenues by unlocking business potential while creating new business values. T h e we b i n a r wa s o p e n e d by a presentation by Bhaskar Sahay, partner at KPMG Lower Gulf Limited, titled A Winning Digital Strategy who spoke at length about how the pandemic is aiding the growth of the disruptive economy. Sahay said that a study that was conducted by KPMG Lower Gulf in the UAE and Oman in April showed that 86% of chief financial officers (CFOs) that were surveyed acknowledged that they find digital maturity challenging and the current operating conditions have heightened the challenges that the financial service sector is experiencing. Digitalization is on top of the agenda of every financial institution across the Gulf region as they seek to succeed in business and maintain a competitive edge in an overcrowded market. Among
