UAE banks and financial institutions are being told that they must continue to invest heavily in the latest financial technologies in order to keep their competitive edge.

This will be the focus of Abtec, a premier international platform dedicated to innovation in financial services in the Middle East, which will take place on June 9 and 10 at the Abu Dhabi National Exhibition Centre.

The event, which is the Middle East and North Africa (Mena) region’s largest trade showcase for the entire financial technology community, will combine a series of conferences featuring a 30-strong international panel of experts and an exhibition attracting more than 60 leading innovative technology providers.

Syed Faisal Abbas, event director of Abtec organisers Turret Media, said: “In an era of customer focused innovation, banks and financial institutions must remain at the cutting edge of technology in order to remain compliant, meet customer expectations and keep up with competition.

“UAE financial firms are no different. They must continue to invest heavily in the latest financial technologies in order to remain competitive, both regionally and globally.

“This is the message that will be reinforced at Abtec as decision makers come face to face with the world’s leading solution providers to collaborate to rethink financial services. This is not just a meeting place for the major players, but a catalyst to the continued growth and digitisation of financial services in the UAE and the entire Mena region.” - TradeArabia News Service