Mohammed Kateeb, Guest Panelist at the 4th WIEFC 2021
The Group Chairman & CEO of Path Solutions, Mohammed Kateeb was the main speaker at the session entitled ‘The World of Technology Finance: Is Fintech & the Advent of Bigtechs a Boon or a Bane to Banking and Finance’, that kicked off as part of the 4th World Islamic Economics and Finance Conference held virtually on 30 & 31st January.
Kateeb described how Bigtechs, the likes of Amazon and Google are causing disruption to the financial sector, prompting traditional banks to launch sophisticated, highly personalised financial products and services to their customers using data and analytics capabilities. Path Solutions’ keen focus on Islamic finance and the company’s owned digital and intelligent platforms can guide Islamic financial institutions through their technology transformation journeys, ensuring higher customer satisfaction, and efficiency improvements with automation, collaboration and reporting.
Hosted by Minhaj University under the theme ‘Pandemic Crisis, Digitalization, and Social Responsibility: An Emerging Role of Islamic Economics and Finance’, WIEFC was one of the most significant virtual gatherings of influential scholars, policymakers, and industry leaders who discussed the role and issues related to community empowerment, financial inclusion, sustainability and social innovation in particular.
According to Kateeb, financial services has been one of the braver industries in leveraging technology and creating an environment that would facilitate and foster innovation, with new pilot projects, proofs-of-concept and other experiments involving blockchain as a digital enabler for sustainable finance. https://www.mul.edu.pk/english/tid/107/3rd-world-islamic-economics-and-finance-conference/