UAE Business: Over 200 fintech leaders for banking summit in Dubai – Gulf Digital News

UAE Business: Over 200 fintech leaders for banking summit in Dubai – Gulf Digital News

The upcoming Middle East Banking Revolution Summit in Dubai, UAE will be attended by more than 200 bankers and financial technology leaders, 35 speakers representing more than 100 financial institutions and address more than 20 key issues.



Organised by Cogent Solutions Event Management (CS Events), the second edition of the event will take place at Dusit Thani Hotel in Dubai from February 14-15, 2022.



More than 50 percent population in the Middle East and Africa remains unbanked, while financial technology is disrupting the region’s banking and financial sectors – that doubles up the challenges faced by the industry.



The value of bank assets worldwide increased overall from 2002 to 2020, despite some fluctuation. In 2020, the assets of banks globally amounted to more than $180 trillion, up from $155.4 trillion in 2019, according to Statista.com, a global intelligence provider.

 

In 2020, the volume of mobile money transfer grew 15 percent to 41 billion with transaction value jumping 22 percent to $767 billion while the number of registered mobile money accounts grew 13 percent to 1.2 billion.

 

In the Middle East, the number of mobile money accounts reached 146 million with transactions value growing