13 - 14 November, 2018Abu Dhabi, United Arab Emirates
The Middle East Africa Global Transaction Banking Summit brings together the entire corporate, trade and financial services community to address the opportunities of integrating a regional roadmap to foster international trade and finance. This must attend summit will focus on the mandate for trade, with an emphasis of going digital in trade, the effects of blockchain and how corporates can have access to liquidity in the present economic climate.
Middle East banks are set to increase their share of global transaction banking revenues by at least 25%, according to a survey. The banks in the region will catch a larger portion of the global transaction banking market worth US$509 billion by 2025, with a growth anticipation of 25% or greater. Such success will CenterStage on the adoption of innovative technology as the most critical factor to success. The problem Middle East banks face is they fall significantly behind other regions in their implementation of innovative technology. The region’s banking sector needs to improve its technology adoption rate. In addition, banks must further integrate their cash and trade functions since these functions currently remain very distinct. Transaction banks in the Middle East have an enormous opportunity to leverage the region’s increasing sophistication and strategic position as the gateway to international trade. Realising this potential, however will require recognition of current shortfalls particularly with regard to client-facing, internal banking technology and a clear response to today’s integrated cash and trade needs.
There is an enormous trade finance opportunity in the region through the UAE utilising the country as a global trade hub that connects Middle East with Africa, Asia and Europe. With opportunities, there comes challenges. Banks across the region are urged to fine-tune liquidity management in order to address the new economic cycle. With low oil prices impacting liquidity conditions especially across the GCC, governments are forced to see drops in fiscal revenues which results in tightening liquidity in the banking sector, inflating the costs of funding and dragging down economic growth. This will make loan granting tougher in 2018 and limit access to funding for corporates especially the SMEs.
Financial Regulators, Trade Commissions, Department of Economic Development, Government, Fintech Startups, Mid-Corporates, Corporates and SMEs.
Commercial Banks, Wholesale Banks, Corporate Banks and Transaction Banks:-
CEOs, COOs, CROs, Senior Executive Vice Presidents, Senior Directors, Group Heads and Heads of:
Transaction Banking, Corporate Banking, Wholesale Banking, Commercial Banking, SME Banking, Institutional Banking, International Banking, Correspondent Banking, Trade Finance, Group Treasury, Information Technology, Operations, Financial Institutions, Global Transactional Services, Payments & Settlements, Cash Management, Remittance & Money Transfer, Financial Regulatory, Anti-Money Laundering, Fraud, Compliance, Regulatory Sanctions, Risk Management, Treasury Risk, and Digital Solutions.