Coupled with increased competition from financial technology companies who are increasingly expanding products and financial services to banking .. Read more customers in ways traditional banks are not able to due to regulations. Many countries in the world have gone ahead with open banking initiatives. An estimated global revenue opportunity of $9.3 billion is expected to be created by Open Banking by 2022. A study recently conducted by Finastra revealed that 86% of banks surveyed are looking to use open APIs and enable Open Banking capabilities in the next 12 months. In the near future, the Middle East will soon have a matured Open Banking ecosystem where financial institutions and Fintech companies will come together to create superior banking experiences. To discuss this and more, the Open Banking MENA Digi-Conference will bring together senior decision makers from central banks, leading banking and financial institutions in the MENA region to discuss the potentials of Open Banking in the region’s financial services market as well as the opportunities it creates for the banking industry in the MENA region. series of available advanced digital and disruptive open banking technology solutions in the market that you can implement and test quickly allowing you and your business to stay connected and ahead of competition.
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