Browsing: Traditional financial institutions

• Financial technology has become an important support for the development of countries around the world.
• Digital technology, data resources, and intelligent technology can promote digitalization across the globe.
• At the global meet, experts provided insights on the opportunities and challenges of digital transformation in the financial sector within the Arab world.

Investors across the world are closely monitoring digital transformation, financial inclusion and sustainable finance trends in the Arab world. These revelations emerged as a top agenda during the just concluded Annual Investment Meeting (AIM) in Abu Dhabi, UAE.

Director and Advisor at the Secretary General Office–Union of Arab Banks Rajaa Kammouny highlighted the challenges banks within the Arab world are facing while calling for readiness to tackle future challenges. 

Digital transformation in the Arab World

Under the Digital Transformation of Financial Sectors in the Arab World and the Role of Financial Technology in Economic Diversification discussion forum, experts offered …

Hennessy-Barrett adds that tackling the finance gap is going to take a combined effort from across the financial industry.

He says there is a need for partnerships that can complement one another.

“We are actively signing up as many partners as we can across the supply chain to support micro and small businesses. By linking small store holders, distributors, vendors and investors, we can work together to construct the framework for inclusion and growth with the digital connective tissue to build high growth, an integrated economy in African markets. 4G Capital is in an incredibly exciting position as we develop and deploy new products and capabilities to scale to the vast and growing markets in Africa and other global emerging markets,” he notes.…