About the Event
Scaling Digital: Differentiating with Open Finance
Date: JUL 12, 2021 TO JUL 13, 2021
Time: 13:10 – 13:40
LOCATION: VIRTUAL EVENT
Open Banking Boardroom – GCC
Finacle will be participating in the Open Banking Boardroom – GCC, a virtual executive boardroom designed for senior bankers from UAE, Saudi Arabia, Oman and Bahrain.
The market size of the global open banking industry is set to reach $43.15 billion by 2026, at a compound annual growth rate of 24.4 per cent, according to Allied Market Research. About 88 per cent of UAE banks expect to enable open banking in the next 12 months as it improves customer service and delivery of new financial services, according to a 2021 survey. This boardroom aims to discuss the key challenges facing policy makers and regulators in how to structure an open banking regime that balances the need for innovation, information security and privacy, and does not inadvertently create an uneven playing field for both traditional and non-traditional players.
