Showcasing its leading role in the development of the financial sector in Qatar, Doha Bank has announced its participation in ‘Sibos 2019’, which was held recently in the UK.
Sibos 2019 featured a line-up of thought leaders and subject matter experts, who addressed various topics, such as market drivers and key challenges affecting the way in which all players in the financial ecosystem do business and embrace technology in preparation for the future.
Doha Bank CEO Dr R Seetharaman took the opportunity to engage with senior delegates at the event and shared insights on the global and Qatar economy, as well as engaged in country level macroeconomic discussions, showcasing the bank’s financials and balance sheet strength.
The bank’s performance demonstrated the strategic and successful approach Doha Bank has adopted over the years, which has allowed it to maintain one of the leading positions in the Qatar financial market.
Seetharaman and the Doha Bank team also explored bilateral lending and borrowing opportunities, trade finance, and risk participation discussions. He highlighted Qatar’s economic stability and the nation’s resilient financial system post blockade, which has only become more independent and continues to power through as it cultivates further stability and self-reliance.
Furthermore, the various Fintech talks, panel discussions, and meetings with Fintech providers, especially on technology advancements and breakthrough use cases proved very insightful.
“Sibos is an excellent place to meet new and innovative Fintech solution providers that have deployed use cases, which are game changers and provide innovative propositions related to a customer’s financial needs and aspirations,” he said.
Seetharaman added: “We are carefully exploring and evaluating opportunities to collaborate with Fintechs as part of Doha Bank’s ongoing transformation journey. As you deep dive and analyse the retail and wholesale banking bouqet of services, there is significant room to innovate and eliminate friction points in the value chain streamlining the process, customer experience and cost.
“In this new digital marketplace, one can learn and benefit from the brilliant innovations around the globe without having to spend billions in research and development. Sibos and other such events create the perfect platform for a diversely rich set of innovators and players to meet, brainstorm and collaborate creating new business models and value propositions.”
The participation of the Doha Bank team, represented by Namit Gattani, Relationship manager, Trade Finance and Services at Doha Bank; Dheeraj Ahluwalia, head of Marketing at Doha Bank; and Richard Holt Whiting, chief representative, London Representative office at Doha Bank, led to multiple successful partner meetings with various financial service organisations regarding cross border trade and multiple aspects of international banking products and services.
The team also met with various Fintech partners to explore and evaluate new technologies and Fintech solutions as part of the digital transformation journey. For more information on Doha Bank, visit www.dohabank.qa.
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