Knowledge Summit 2023 covers vital role of major financial …

Knowledge Summit 2023 covers vital role of major financial …

Dubai, UAE: On the second day of the Knowledge Summit 2023, a panel discussion titled ‘Finance titans: Global leaders in economics and finance’ covered the symbiotic relationship between financial technology and knowledge cities and the role of knowledge cities in nurturing leaders in economics and finance, among other topics.

The session featured Sara Modalal Al Qahtani, Partner and Head of Middle East, Mercury Capital Advisors; Andrew Mortimer, Managing Director and Chief Operating Officer, MEA region, Barclays Plc; and François Regnier, Country Head, BNP Paribas UAEE, as speakers. It was moderated by Anthony Fakhoury, Project and Research Analyst, Knowledge Project, UNDP.

Andrew Mortimer discussed the beneficial impact of the 5th Industrial Revolution on the financial sector, highlighting the use of robotics, mobile banking services, and data analysis tools, all of which save time and effort and enable better detection of fraudulent activities and embezzlement by bank employees.

Mortimer emphasized how essential it is for banks and financial institutions to adopt various sustainability standards before providing financing to different companies, along with the necessity of supporting start-ups and embracing environmentally friendly initiatives and programs.

He also highlighted various promising developments in the Arab region’s banking services sector, commending the coordination and cooperation demonstrated