KARACHI: A select group of Global Financial Services Technology (FinTech) companies presented and demonstrated their products and services to dozens of top banking and technology executives on Monday at the NdcTech Temenos annual ‘Bank of the Future Forum 2017’ in Karachi.
Launched by NdcTech and Temenos seven years ago, the Bank of the Future Forum has continued to add value for the leading financial institutions of Pakistan in all banking segments. This year 150+ senior banking delegates representing 21 banks attended the forum.
Ammara Masood CEO and President of NdcTech said while talking about the joint successes of Temenos and NdcTech in the Pakistan market and showing the healthy market position in 2017 and the readiness of the Temenos banks with latest releases to embrace open banking and choose where they want to compete in the value chain. She went on to add, “a bank still has the role of a trusted partner for consumers and can embrace that role in introducing new technology. Temenos and NdcTech have helped banks achieve this goal in a short time.”
“This annual forum has always been a showcase for innovation. This event, with our Business Partner Temenos and 4 of the top global fintechs, is another example of encouraging innovation and connecting people from around the world to exchange ideas and contribute to the future of banking in Pakistan,” said Behram Ahmed, Chairman NdcTech
Experts spoke about the key themes for Digital innovation including Core renovation; rise of new business models stemming from Open Banking; Artificial Intelligence applications like Chatbots and robo-advisors and Digital Engagement driving interactions to grow loyalty. Speakers and Panelists also spoke on the regulators role to encourage banks to harness new business models and technologies with fintechs. Atif Bajwa who served as the CEO for last 20 years at various Pakistani and International Banks gave the keynote.
Represented in this forum were fintechs such as Software Group; Netguardians and HID Global.
Jean-Paul Mergeai, Managing Director, Temenos Middle East & Africa declared that the success of our 8th annual event is a testimony of the value that Temenos and NDC have delivered to Pakistani banks and financial institutions through the years. The annual forum is a unique opportunity to engage with the growing number of our Pakistani banks who entrust us with their digital transformation strategy! Thirteen Temenos experts from all around the globe flew to Karachi to present our latest products and innovations to more than 150 banking professionals. We look forward to expanding our market share and delivering more value through our solutions to the Pakistani banking market alongside our trusted business partners NDC.