COVID-19 acts as catalyst for new digital business models – MENAFN.COM

COVID-19 acts as catalyst for new digital business models – MENAFN.COM

Doha Bank has been a strong advocate for collaborating through partnerships and Fintechs in addition to supporting startups. This strategy has proven to be the right approach over the years. In a webinar entitled 'Digital Transformation and Changes in Business Models' organized by Doha Bank, the panellists who are successful leaders and have excelled in Qatar's digital ecosystem, discussed the changing dynamics and business models in the market. Dr. R Seetharaman, CEO of Doha Bank was the keynote speaker who gave insight into the global scenario. He said, ''The consequential impact of COVID-19 is wide. We lost many people, and the crisis is not over. The global economy is witnessing multiple COVID-19 virus mutants. Global trade was impacted by COVID-19. According to IMF April 2021, Global economy is expected to grow by 6 percent in 2021. Qatar has come out with support during COVID-19. Qatar plans LNG expansion and will contribute to sustainable growth." Dr. R Seetharaman highlighted on the fourth Industrial revolution and emerging digital trends, He said. ''The fourth industrial revolution combines advanced technologies in innovative ways, dramatically reshaping the way people live, work and relate to one another. Various industries are getting redefined, the health sector can