BAB Forum gathers industry senior executives

Manama, Oct. 31 (BNA): Bahrain Association of Banks (BAB) Annual Forum kicked off with participation from more than 500 senior representatives from Bahrain’s banking industry, regulators and executives of monetary funds from Bahrain and internationally. The forum was held under the patronage of the Central Bank of Bahrain (CBB), high level speakers and panelists addressed: "FinTech: Opportunities & Challenges," arising from the rapid development of FinTech and its impact on Bahraini banks and the future of the industry. BAB’s Chairman, Adnan Ahmed Yousif shared his thoughts on the revolution FinTech it is creating in the delivery of traditional financial services and the reshaping of the financial landscape with customers demanding greater inclusiveness, ease, speed and affordability. Rasheed Al Maraj, Governor of the CBB, interviewed by CNB Anchor Nuha Al Ali. He highlighted key developments relating to FinTech and the development of Bahrain’s financial sector as well as Bahrain’s growing position as a regional FinTech hub. Following was a keynote address by Meliksah Utku, General Manager and CEO of Albaraka Turk on "The Digital Revolution," what it means for banks and its significance for the industry. "BAB is delighted to have brought so many industry leaders together to discuss one of the most pressing issues for all of us today – FinTech and digital innovation – and its impact on banks and our customers. The presence of his Rasheed Al Maraj, Governor of the Central Bank underscored the importance of this issue for the industry and we are confident that together Bahrain’s banking industry and our regulator will continue to drive advancement to support sustainable growth. We were also delighted to have heard from Meliksah Utku, CEO of Albaraka Turk, where he has been a leading supporter of FinTech innovation, and so many of our other peers including banking, FinTech, legal and HR experts," Adnan Yousif said.