Payment processing company Arab Financial Services is set to host the first annual Middle East and Africa Fintech Forum. This year’s theme is “Fintech Disruption in the Financial Industry.”
According to Trade Arabia, the event is being sponsored by Bank ABC and Bahrain Economic Development Board (EDB). It will feature various topics, including latest fintech trends and discuss the challenges and opportunities in the fintech sector. The event’s participants will include government officials, regulators, professions and industry experts. Sael Al Waary, chairman of AFS, stated:
“Fintech aims to deliver innovative solutions in a rapidly evolving world while disrupting the financial industry. The regional financial sector has developed considerably over the past two decades and with this forum, we are hoping to bring the fintech ecosystem together, helping connect start-ups, technology companies, investors, financial institutions and regulators to build stronger relationships and create opportunities for everyone.”
B Chandrasekhar, chief executive officer of AFS, added:
“Fintech is an innovative and fast-growing sector presenting tremendous opportunities. This event will allow us to understand and analyse the fintech revolution and help us position Bahrain as a leader in the journey towards a digital, cashless economy. AFS is already a key player in providing new fintech services and we have already introduced several innovations such as the first frictionless payment solution, in partnership with Batelco and Ithmaar Bank, in addition to Data Analytics, Loyalty, m-Commerce and e-Commerce solutions. We look forward to working with other local and regional organizations to introduce fintech based solutions in the region.”
The event will be held on March 29th at the Four Seasons Hotel Bahrain Bay.