About Open Banking – Opening up New Opportunities Digiconnect Virtual Boardroom

The concept of consumers being able to see and leverage their financial data from different sources, known as “Open Banking”, has been around for a while. The new millennium saw the first wave of companies embrace open finance. The concept became more widely accepted and utilised following the introduction of Open Banking regulations in Europe.

Many countries in the world have gone ahead with Open Banking initiatives. PWC has estimated that a global revenue opportunity of $9.3 billion will be created by Open Banking by 2022. Closer to home, Bahrain is leading the way in the Middle East region, where the draft regulations were issued in November 2018, and the first set of solutions were launched by December 2019. Saudi Arabia is also progressing fast on the adoption of Open Banking. And it is not far that 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.

This global movement calls for a major transformation in Banking – forcing banks to strategically rethink how they view their customers and move from the traditional banking model to a customer centric model. As a result, the banking industry today, faces some very critical changes such as focus on customer-centricity, increased competition due to a shift to an open model of consent-based data sharing, customers having to access their financial data with other bank and non-bank entities through open application programming interfaces (APIs), increased collaborative innovation amongst and between banks and technology companies and many more.

The Open Banking Digiconnect virtual boardroom will therefore bring together senior decision makers from the banking and financial services sector 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 Middle East.

Benefits of Attending

  • Understand Open Banking initiative and its benefits to banks in the Middle East market
  • Explore strategies to leverage Open Banking
  • Make a roadmap for your organisation to create early breakthroughs in Open Banking
  • How Open Banking will create opportunities for your bank to be an industry leader in your market

Agenda

Time Activity
11:00 – 11:05 Welcome Note
11:05 – 11:20 The World of Open Banking opportunities
Rajesh BLN, Chief Executive Officer, Clayfin
11:20 – 12:00 Panel Discussion: Open Banking –time to start leveraging the opportunity?
Moderator:
Akshaya Gaur, Founder, aayan – India
12:00 – 12:30 Interactive Panel Discussion and Q&A

Speakers

Rajesh Bln

CEO, Clayfin, India

Rajesh BLN is the CEO of Clayfin Technologies. He has spent more than 2 decades with leading technology providers and software product companies. As CEO at Clayfin, Rajesh Narasimha leads the management team in building functional capability and sales momentum to achieve profitable growth. Rajesh joined Clayfin, in April 2015, as the Chief Sales Officer, to expand and lead the Sales, Marketing and Solutioning teams. He is focused on understanding client expectations and aligning the sales and account management processes to achieve balanced outcomes for customers and Clayfin business. Prior to joining Clayfin he was part of SunTec leadership team and had successfully grown the business, with marquee client acquisitions, across different regions globally which included – Asia Pacific, South Africa, Middle East and North America.

Akshaya Gaur

Founder, Aayan, India

Akshaya Gaur has over 39 years’ experience in the Banking industry and possesses in-depth expertise in a wide spectrum of traditional and emerging technologies in the Banking sector. Akshaya has delivered major transformation programs in international environments across the UK, Singapore, UAE, Kenya, Ghana, Zimbabwe and India. Akshaya is, currently, the Founder of Aayan, a consulting and advisory company in the FinTech, Digital Transformation, Payments and Banking Technology space. He provides strategic advisory services to Banks for building their strategic agenda for Digital Transformation. He also works with multiple start-ups in various advisory and mentorship roles. Prior to this, Akshaya was the Chief Information Officer, Mashreq Bank, UAE & Chief Executive Officer, Mindscape IT. Akshaya worked with Standard Chartered Bank in several leadership positions for 23 years. He was the Executive Vice-President, Technology, Standard Chartered Global Business Services.

Who Will Attend Open Banking – Opening New Opportunities Digiconnect?

  • CEO
  • VPs
  • Chief Digital Officer
  • CFOs
  • COOs
  • CIOs/CTOs
  • CISO
  • Directors of Cloud
  • Directors of IT Operations

About Clayfin

Clayfin is a leading provider of Digital Customer Experience solutions for Banks and Financial institutions. In a rapidly evolving digital world, Clayfin enables Banks and financial institutions to nurture and grow close ties with their customers by providing a superior and seamless omnichannel experience delivered at any digital point of interaction that the customer prefers. Clayfin’s philosophy is to enhance the financial lifestyle for end customers by building Superior Customer experience solutions that will increase the digital footprint, adoption and usage. To enable this, Clayfin products are built on four tenets: simple to use, pervasive, secure and relevant. Clayfin works across geographies, and currently supports 74 implementations across 29 customers in 17 countries in APAC, Middle East and Africa. they do best. http://www.clayfin.com/

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