Infosys Finacle and Red Hat host roundtable discussion in Dubai to explore the need for re-composable banking solutions

Infosys Finacle and Red Hat host roundtable discussion in Dubai to explore the need for re-composable banking solutions

Event focused on critical themes such as digital transformation, technological innovation, the future of banking, and evolving customer needs within the financial sector

Published: Mon 30 Oct 2023, 2:02 PM

Infosys Finacle, a global leader in digital banking solutions and Red Hat, a leading provider of enterprise open source software solutions recently organised a high-level roundtable discussion in Dubai to delve into the need for re-composable banking solutions to drive growth with business model innovation. The event witnessed participation from key players in the financial sector in the UAE, focusing on critical themes such as digital transformation, technological innovation, the future of banking, and evolving customer needs within the financial sector.

Discussions at the roundtable revolved around five key central themes: creating and delivering better value for customers, innovating new business models, unlocking value from modern technologies like cloud, AI and APIs, resetting operational benchmarks, and building organisational capabilities.

The event underscored a pressing consensus — banks should not attempt to do everything alone. Instead, ecosystem plays a pivotal role in augmenting their capabilities and bringing out the best. The need for continuous re-composition and adaptation to changing dynamics was emphasised, especially in the context of the ongoing digital transformation.

Puneet Chhahira, VP, Head of