Przemek Henschke, CIO at D360 Bank at the summit expressed:
"Digital adoption has facilitated more and more payments."
During the event, insightful discussions emerged, influencing perspectives on the region's dynamic and transparent economy.
Suresh Ramamurthi, Chairman of CBW Bank, emphasised the importance of real-time payment analytics and transaction risk scoring systems in a world where transactions occur instantaneously, and risks escalate.
Transparency stands as a cornerstone of maintaining customer loyalty and trust, particularly within the fintech sector, where banks, NBFIs, and regulators collaborate to uphold a balance while mitigating risks for customers.
Abdullah AlShahrani, Director of Digital Transformation at Tamweel Aloula, emphasised their support for banking institutions rather than competing against them.
The summit this year featured discussions that transcended the boundaries of success, culminating in the prestigious Future Banks Awards, which acknowledged outstanding accomplishments in the banking and fintech industry.
Highlights from the awards included:
Best Fintech Firm of KSA 2023: Tweeq, the trust-based spending account app.
Rising Star Bank of KSA 2023: D360 Bank, recognised for its continuous customer-centric innovation.
Best NBFI of KSA 2023: Morabaha Finance, acknowledged for its commitment to long-term sustainability.
Leading Islamic Bank of KSA 2023: Alinma Bank, honored for its contributions across all operational aspects.
Best Banking Customer Experience: SAB, one of Riyadh's largest banks, lauded for its unparalleled customer service.
Best Banking Technology Initiative: Riyad Bank, recognised for its sustainable client-focused initiatives.
Best Retail Bank of KSA: Banque Saudi Fransi, commended for its growth-oriented strategy.
Top Digital Bank of KSA: Bank AlBilad, celebrated for its ongoing excellence in Islamic Banking.
Partners:
Gold Partners – Denodo, Uniphore, Kyndryl, and Zypl.ai
Bronze Partners – Finshape, AQM Technologies, iGCB + Intellect Design, Creatio and NetXD; Networking Partners – Evam and Selaa; Associate Partners – Synechron, BankCube, AtlLabs and Andersen
Support Partner – IGOAI
This initiative by Verve Management aimed to acknowledge the achievements and commitment of key financial institutions in the Kingdom. The awards ceremony highlighted their dedication to innovation and customer-centric approaches.
For more information, get in touch:
Isha Surve ([email protected])
Marketing Executive
Verve Management UAE