The current economic downturn and fluctuating energy costs is hurting everyone. But is the Finance sector doing everything it can to lead the fightback?
Over 50 of the leading ME Finance Institutions have just announced a key meeting on how the industry can unite and tackle the current climate. The FST Summit will be held early this year at the Le Meridien Al Aqah Beach Resort, Fujairah – United Arab Emirates, and will include the Heads of Technology and Business development alongside their respected CEO community. Government officials have also confirmed attendance to ensure that the program will drive immediate value back to their constituencies as well as thought leaders from FSTC association and Financial Insights.
The Finance sector is in the midst of unprecedented transformation. Several factors are driving fundamental change: liberalization and increased competition, strategic mergers and acquisitions, regulatory pressure, systems reliability, convergence, and most obviously dealing with the current crisis.
All of this requires large investment and a unity amongst the sector. If this is achieved new innovation could pave the way for cheaper finance and more jobs within the industry.
