Bank Directory and the World's Largest Banks
International Directory of Banks
Press Releases of Banks (since 2007)

#Bookmark this site

Eng | Rus |

Site Search

Private Banking in CEE, SEE & CIS 2013

Global Payment Summit 2013

European Credit and Counterparty Risk Conference 2013

Outsourced CIO Summit 2013

17th Capital Oprtimisation, September 9-11, 2013

Managed Accounts & UMA Summit, September 16-17, 2013

3rd Annual Conference Derivates Funding and Valuation, September 23-25, 2013

7th Annual Collateral Management, October 9-10, 2013


Follow BanksDaily on Twitter   BanksDaily on FaceBook

Financial and Banking News

Middle East's Leading Banking Technology & Innovation Summit to be held in Dubai

Following on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market.

Mr Abdulla Al Hosani, Head of Branches of National Bank of Abu Dhabi quoted “The 2011 summit was a great opportunity to touch on the new and exciting subject of innovation especially if we look at it from a banking perspective. It is still an untapped area for the banks, so it was nice to hear from some vendors and learn from other experiences. The organization was world class and the venue was convenient. Big thank you.”

In another statement, Mr R S Rangan Head of Trade Services, National Bank Of Fujairah said “A well organized event, which gave us an opportunity to interact with other bankers from this region and other technology facilitators and providers. This has also facilitated me to know the various happenings in the industry and how the banks are applying the technology to meet the customer's expectations. Thank you for the invitation and look forward to attend the next year's event as well.”

According to Ernst & Young, the MENA Islamic banking industry is expected to more than double to $990 by 2015. However to achieve sustainable financial growth, the industry must deliver on innovative technologies and services. Leaders of the region’s banks and financial institutions are currently focusing their attention on the need for increased operational excellence, risk management and financial growth and acknowledge technology innovation as an essential investment for the industry.

Over the next 2-3 years we can expect to see a substantial change of play, as Islamic banks begin to compete for mainstream customers who are open to Islamic or conventional banking. This means that organizations will have to readdress their customer management strategies, introduce new personalized and innovative products and adapt internal process and strategies.

Middle East Banking Innovation Summit 2012 will focus on identifying the most innovative products and services for the banking industry as well as define the implementation and growth strategies. Delegates will have the opportunity to learn from the experience of leaders across the banking and financial services industry, as they discuss the importance of innovation within the banking industry, and how best to achieve it.

Some of the confirmed speakers include:

Ashraf Shoukry, COO, Ajman Bank
Sohail Zubairi, CEO, Dar Al Sharia and Dubai Islamic Bank
Tirad Mahmoud, CEO, ADIB
Srood Sherif, CIO, National Bank of Abu Dhabi
Harshdeep Singh Munjal, GM Private and Retail Bank, National Bank of Oman
Charles Lobo, Head of Card Operations & Customer Service, Emirates NBD
Nasar Siddiqui, Head of Electronic Channels, National Bank of Fujairah

Middle East Banking Innovation Summit 2012 will host over 200 pre qualified C level banking decision makers from across the Middle East. Last year in 2011, the Summit had over 200 confirmed attendees from top 100 banks in the Middle East including ADCB, ADIB, Mashreq Bank, Ajman Bank, Al Hilal Bank, Ansar Bank, Citibank, Barclays Bank, Doha Bank, Dubai Bank, Emirates NBD, HSBC, Lloyds TSB, Deutsche Bank, RAK Bank and many others.

For more information on the Middle East Banking Innovation Summit, visit http://www.bankinnovation-me.com or call Expotrade on +9714-4542135.

For more information contact:

PR & Marketing
Expotrade Global
Tel: +9714-4542135
Email: pr@expotrade.net.au

Source: Expotrade
Date: 07.05.2012 [320]

Financial News

 New Chairman for Mediterranean Bank Network (MBN) - 17.05.2013
Mr. Hassan El Basri has been elected as chairman of the Mediterranean Bank Network (MBN).
Source: Mediterranean Bank Network
 Islamic banking assets to surpass $1.8 trillion globally in 2013 - 05.02.2013
Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013.
Source: zawya.com
 No more queues in front of ATMs - 23.01.2013
Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
 Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013
Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities.
Source: BBC
 Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012
Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one.
Source: Reuters
 Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012
Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market.
Source: Suntech

2007-2013 © Commercial Banks of the World