Interest in financial technology (fintech) has been growing around the world, with many countries including fintech initiatives in their visions for economic growth over the coming decades. The countries of the Gulf Cooperation Council have given importance to this issue in all commercial, banking and financial businesses, while making continuous efforts in enabling local populations to use modern fintech in their transactions.
Fintech’s goals are numerous. They include aspirations to accelerate the pace of development of new financial technologies, promoting awareness around the importance and benefits of fintech, encouraging private small and medium enterprises to adapt and specialize in the use of such technologies, and to create new products and services that advance commercial, financial and banking initiatives.
Qatar is preparing to the “Fintech in the Middle East” conference with the participation of a number of speakers from international institutions specializing in banking, financial services and information technology issues, in addition to providers of technical solutions and investors in technology.
Such large events are aimed at exchanging experiences among the participants and gaining modern visions and perceptions about the latest developments in digital technologies and financial transactions in their four specific areas: payments, savings, investments and transfer operations.
These events also aim to understand options for supporting the growth of finance and business, improving banking services, and employing modern methodologies in enhancing governance, combating corruption and protecting the integrity of financial and banking systems.
The upcoming conference is especially important in light of the increasing reliance on technology and electronic systems in financial and banking services, which helps counteract the impacts of the ongoing pandemic. With social distancing and other pandemic prevention protocols, it is imperative digital transformation enables continuity of banking and business services.
Such conferences also aim to present ideas that are embodied in financial technology innovations and ways to employ them in enhancing the operations of institutions and their role in facilitating and enhancing compliance with anti-money laundering rules and enhancing transparency.
Life has become simple with the use of these technologies, as they meet the people's needs, and make things easier for individuals, whether in daily business or in the educational, social and other fields. At the same time, innovators seek to invent more devices, equipment and software and find solutions to drive business towards more improvement and productivity.
The theme of "Fintech" will work to integrate more traditional financial transactions in the world in the coming years, and reduce bureaucracy and red tape that may be encountered in daily operations. Through "Fintech" techniques, many of us have become dependent on making purchases and sales through the use of credit cards, and transferring amounts outside the borders in a short time.
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