Webinar | Payments Modernization in the Middle East
The payment ecosystem in the Middle East is evolving rapidly, driven by the demand for instant payments, increasing volumes, and a necessity for real-time reconciliations. At the same time, central banks across the Middle East are putting in place regulatory frameworks such as the Real-Time Payments – National Payments in Bahrain, NPSS in the UAE and SARIE in Saudi Arabia, which would accelerate the shift from cash to digital alternatives.
What role do technologies such as Anti-Money-Laundering (AML) and Digital Verification play in ensuring secure payments? And how important is it for banks to realign their thinking about their relationship with FinTechs - from a competitive orientation to a collaborative partnership?
Watch our expert panel discuss the trends and the impact of Next-Gen Payments in the Middle East and what the future may have in store for Banks and Vendors in the ecosystem.
Speakers:
• Julian Ashall, Group Head of Operations at Bank ABC
• Barid Neogi, SVP - Group Operations at Emirates NBD
• Domenico Scaffidi, Vice President, Global Lead Payments Innovation Practice, Volante Technologies
• Chetan Parekh, Senior Partner at Cedar Management Consulting (Moderator)
Chapters:
00:00 Introduction
02:33 Trends driving payments innovation in the Middle East
08:45 Challenges and changes in B2B payments
14:38 Implementing cross-border payments
21:14 Challenges in implementing next-gen payments
25:42 Adoption of BaaS or PaaS by Financial Institutions
30:45 Modernisation of banking systems
34:42 eKYCs, security and fraud prevention in Realtime Payments
40:45 Specialisation in cross-border payments in the Middle East
45:00 Market and regulatory changes in the UAE
51:20 CBDCs and digital currencies
55:15 Biggest benefits of next-gen banking
58:40 How are banks and FinTechs competing with each other?
1:01:00 How easily will CDBCs be adopted in less tech savvy countries?
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Intro & Music: RKMFX @ http://www.technicoz.com