Doha Bank received ‘The Bizz Award’ at ‘The Bizz Europe 2019’ event held in Amsterdam recently.
The bank was presented with the ‘GLORY trophy”, one of the highest distinctions given by WORLDCOB. The award recognises the career and steady growth of leading companies, Doha Bank said. On the award, Dr R Seetharaman, Doha Bank CEO, said, “Doha Bank has built a reputation as an innovative bank in Qatar and has leveraged on technology to provide better solutions to its customers”.
Seetharaman was honoured with the “World Leader in Finance” award at the same function, which was attended by many diplomats from various countries. The award was given for his “professional achievements” in the finance sector in the region.
The Doha bank CEO was also the keynote speaker at the event, where he shared insights on various global scenarios.
He said, “According to the IMF April 2019 report, global growth is now projected at 3.3% for this year, whereas growth in advanced economies is projected at 1.8%. The emerging market and developing economy group growth is expected to be at 4.4% in 2019. A further escalation of trade tensions and the associated increases in policy uncertainty could further weaken growth.”
He also gave insights into the sustainable development goals and the wider global economy.
He said “G20 countries, which account for 85% of global GDP and 80% of CO2 emissions, should adopt a combination of pro-growth and pro-environment policies in developing their overall growth and development strategies.
The top four emitters in global green emissions include China, US, European Union and India. Climate mitigation policies, including carbon pricing, fossil fuel subsidy reform, smart regulations and the use of public procurement need to be strengthened to help drive low-carbon innovation.
Seetharaman also touched on trends in technology and said,” The fourth industrial revolution combines advanced technologies in innovative ways, dramatically reshaping the way people live, work and relate to one another. Various industries are getting redefined, the health sector can be reimagined, the work space is undergoing changes, robotics and artificial intelligence are going to play important roles and the customer will be more empowered in the digital environment.
“Banks need to manage the change by redefining their business models and to manage various stake holders such as customers, regulator and shareholders. The question which comes up is how we regulate technology companies. Customers are information centric and not location centric.”
Dr Seetharaman at the ‘The Bizz Europe 2019’ event held in Amsterdam.