Istanbul, Turkey: Bahrain-based General Council of Islamic Banks and Financial Institutions, the umbrella of Islamic financial institutions launched the second and final day of its third Global Forum, with the theme of “The New Face of Financial Services: Disruptions, Opportunities and the New Normals” has provided a unique opportunity to the participants to deliberate on Role and Power of Mobile in Expanding Financial Inclusion.
The24X7News Bahrain (www.twentyfoursevennews.com) is the media partner of the 3rd Global CIBAFI Forum being held in Turkey, the 2nd day of CIBAFI Global Forum, started with a special and exclusive CIBAFI Breakfast session on “Leadership and Strategy in the Era of the Fourth Industrial Revolution.”
CIBAFI Breakfast Session is an interactive exchange that challenges conventional wisdom and practice around personal and organisational leadership. It offers a very different perspective – one that is much more suited to today’s uber-connected and uber-populated age.
CIBAFI Breakfast Special Session stage was taken this year by the Author of Too Many Bosses, Too Few Leaders (Simon & Schuster, 2011), Be the Change (McGraw-Hill, 2014), Open Source Leadership: Reinventing Management When There’s No More Business as Usual (McGraw-Hill, Oct 2017), and a regular writer for Forbes – Rajeev Peshawaria. The eminent author shared the stage in a conversation with a Veteran Regulator and Prominent Academic Prof. Ahmet Faruk Aysan, currently Dean, İstanbul Şehir University
The fourth session themed “Role and Power of Mobile in Expanding Financial Inclusion” was chaired by Mohamed Abbes, Public Policy Director, MENA, GSMA, Tunisia. Panelist of the session included Fadi Al Faqih, Chief Executive Officer, Bank of Khartoum, Sudan; Mohammed Kateeb, Group Chairman and Chief Executive Officer, Path Solutions, Kuwait; and Mr. Mehmet Cantekin, General Manager, Turkcell Finansman A.Ş, Turkey. The Session focused on the power of mobile banking, and the future of business in the shadow of Banks and Telecom. Session panelists have shared their experience and thoughts on whether the Mobile money and payments is an opportunity or threat for Islamic financial Institutions.
The second day was concluded with Session 5 themed “Leveraging the Industry Growth in the Era of Fourth Industrial Revolution”, which was chaired by Prof. Dr. Lokman Gündüz, Director of Graduate School of Business, İstanbul Şehir University. The panelists included Mustafa Gharaibeh, Cyber Security Account Executive, Darktrace, United Kingdom; Dr. Ali Al Sartawi, Shariah Supervisory Board Member, Palestine Islamic Bank; Marco Lichtfous, Partner, Deloitte Tax & Consulting, Luxembourg; Mr. Muhammet Cerit, Vice Chairman, Banking Regulation and Supervision Agency, Turkey; Achraf Tarsim, Manager – Infrastructure, Financial and Private Sectors Division, North Africa, African Development Bank (AfDB), Tunisia; and Mr. Derek Baraldi, Head of Banking Industry, World Economic Forum LLC, USA. The session presented an overview of technologies underpinning the fourth industrial revolution, and discussed the role of digital branches, robo-advisors in enhancing customers’ banking experience. It also focused on cyber security and discussed avenues to minimize the risks.
This Global Forum is organised as part of CIBAFI’s 3rd Strategic Objective of Awareness & Information Sharing, which aims to spread awareness and promote information sharing among its members and other stakeholders for the development of the Islamic finance industry. This annual industry leaders gathering of CIBAFI, has marked its place as the industry debate and networking venue.
