Kuwait – 16 September 2019:  Burgan Bank, the progressive financial powerhouse in Kuwait and the region, announced today its sponsorship of the inaugural Central Bank of Kuwait International Banking Conference. The event, which takes place on Monday, September 23, 2019, will be held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, at the Four Seasons Hotel. 

Reinforcing its role as a keen contributor to the evolution of technological banking services, Burgan Bank’s Group CEO Mr. Masaud Hayat said, “Digitalization and innovative technologies are creating unprecedented disruption in the banking sector, and the rate of change is accelerating. Banks are facing crucial decisions as technology shifts customer expectations and changes in regulatory landscape. We are now seeing the need to innovate, become more agile, utilize data and advanced analytics to support cost reduction and revenue improvement, and build partnerships with organizations who may also be competitors.”

Burgan Bank will be present among global industry peers from the financial sector, along with prominent delegates, CEOs, industry experts, and key figures from government and regulatory bodies. In the interest of sustainable economic growth and development across the nation, the high-level event is initiated to address the ongoing challenges faced by the commercial banking sector on various fronts. 

The talks are aimed at mitigating potential risks by stepping out of traditional business models and investing in dynamic transformational change that will secure long-term consumer satisfaction and rising expectations.

Embracing the need for new, innovative and enhanced digital and technological solutions, Burgan Bank will be participating in an exhibition on the sidelines of the International Banking Conference. The exhibition will witness the active participation of more than 40 exhibitors from the national and international banking realm, including regional telecommunications and several specific financial technology companies.