IDC Financial Services Congress 2023 to Highlight the Latest Digital Transformation Trends Shaping the Middle East's BFSI Industry

Dubai, April 18, 2023 – As the financial landscape continues to rapidly evolve and industry players rethink their business models to establish the digital infrastructure required to drive future growth, International Data Corporation is delighted to announce that the Middle East edition of its IDC Financial Services Congress 2023 will take place at The Ritz-Carlton, Dubai International Financial Centre on June 13. 

Addressing the theme 'The Adoption and Utilization of All Things Digital', the event will present exclusive insights from respected industry thought leaders as they discuss the latest trends and strategies shaping digital transformation in the BFSI space.

"Across the Middle East, financial institutions are embracing global industry trends to create a new ecosystem," says Cyrus Daruwala, managing director of IDC Financial Insights Asia/Pacific, who will present the congress's opening keynote, 'Simplification in an Age of Complexity'. "The adoption of digital transformation is the key strategy that will propel the industry forward and enable institutions to meet tomorrow's challenges.

"Traditional financial institutions are facing stiff competition from digital banks and insurers that use data to deliver innovative products and services. To overcome these challenges, they must look to embrace an organizational culture that prioritizes trust, resiliency, transparency, sustainability, productivity, and efficiency for the digital-first BFSI organization."

The IDC Financial Services Congress 2023 will feature keynote speeches, presentations, and panel discussions on a variety of critical topics, including open banking, cloud management, AI/ML integration and industrialization, digital core systems, innovation excellence, cybersecurity risk typologies, frictionless banking, financial wellbeing, financial inclusion, employee empowerment, digital trust, and customer consent.

The event will also showcase first-hand end-user perspectives from senior representatives of prominent financial institutions, including:

• Somnath Sarkar, Executive Vice President & Group CISO, Mashreq Bank
• Saud Al Dhawyani, Chief Technology Officer, Emirates NBD
• Barrak Al Mattar, General Manager, Information Technology, Kuwait International Bank (KIB)
• Haroon Durrani, Head of Dubai First Cards & Digital, First Abu Dhabi Bank (FAB)
• Salil Ahuja, Head of Products, Portfolio & Value Proposition, First Abu Dhabi Bank (FAB)
• Evren Altiok, Chief Operating Officer, Commercial Bank International (CBI)
• Muhammad Rashid, Chief Compliance & Risk Officer, Jingle Pay
• Samy Massoud, Regional Head of Technology Delivery, PayTabs

The IDC Financial Services Congress 2023 will present a unique opportunity for BFSI organizations to learn, network, and gain insights into the Middle East's latest digital transformation developments. For more information about the event, please visit click here or contact Sheila Manek at smanek@idc.com / +971 4 446 3154. You can also join the conversation on social media using the hashtag #IDCBFSI.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

IDC in the Middle East, Turkey, and Africa

For the Middle East, Turkey, and Africa region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insights with international perspectives to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc.com/mea. You can follow IDC MEA on Twitter at @IDCMEA.