November 29th, 2018
Mohammed Kateeb, guest panelist in a Fintech panel at WIBC 2018

 “It is very critical for Islamic banks to look at the whole end-to-end process and figure out how to automate that process to enjoy a great experience in this digital transformation”, said Mohammed Kateeb, Group Chairman & CEO of Path Solutions during his intervention at the World Islamic Banking Conference (WIBC) held under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, the Kingdom’s Prime Minister, on Tuesday 27 November in Bahrain.

Speaking at WIBC 2018 in the Fintech panel ‘Digitization Journey of a Global Bank’, Kateeb said that Fintech can enable Islamic finance to attract more customers, increase efficiency, reduce costs and offer a wider range of products, thus helping the sector become more competitive against conventional finance, which will boost its growth.

Convened by Middle East Global Advisors and in strategic partnership with the Central Bank of Bahrain, the three-day long conference has spurred a series of discussions focusing on ‘Islamic Finance & Sustainable Economic Growth in the Age of Disruption’, in line with its steady vision to serve as a compass for the global Islamic finance industry, amidst a gathering of more than 1200 international industry policy makers,
 regulators, innovators, and shareholders from over 50 countries.

Being the yearly Islamic Banking Technology Partner of WIBC, Path Solutions was present with a high-level delegation in the exhibit hall, where it introduced the conference participants to the company’s Fintech set of services which can help Islamic banks and financial institutions embark safely on their digital transformation journey.

WIBC 2018 also saw the joint launch of Casablanca Finance City (CFC) - Thomson Reuters report: “Islamic Finance in Africa: The Upcoming Frontier”, and the joint launch of the Global Report on Islamic Finance  2018 by the IsDB Group and the World Bank: “The Role of Islamic Finance in Financing Long-Term Investments”, in addition to WIBC Gala Dinner & Performance Awards 2018.

More info on WIBC 2018 is available here



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