Swift, a global member-owned co-operative and leading provider of secure financial messaging services, kicked off its two-day regional conference in Dubai. It is being attended by more than 500 delegates from over 25 countries.

Swift's Middle East Regional Conference (Merc) is being held under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC), a leading international financial hub in the Middle East, Africa and South Asia region.

During the event, policy-makers, industry leaders, regulators and financial experts will discuss the impact of disruptive technology on the traditional business model of banks, and how banks can use technology to better serve their customers.

Swift has lined up international and regional experts to discuss the future of the payments industry. The theme of the conference is: “Embracing change: building the financial industry of the future”.

Technology, evolving customer needs and regulation are some of the drivers transforming the banking sector," said a top official.

"Swift is at the centre of banking and payment innovation, creating collaborative solutions for the banking community," remarked Alain Raes, the Swift CEO for Europe Middle East and Africa and APAC.

"Events such as Merc are important for the region’s financial community to come together to discuss payments, technology and compliance, among others. As a leading financial hub in the region, Dubai is a great location for these discussions," he stated.

Salmaan Jaffery, the chief business development officer at DIFC Authority, said: "Swift is the world’s leading provider of secure financial messaging services with many of our clients relying on this platform."

"Holding the conference in Dubai supports our ecosystem and reaffirms the emirate’s position as the region’s leading financial hub. We are committed to ensuring that Dubai remains at the forefront of innovation and conferences like Merc bring the right debates to our doorstep," he added.

"The conference will also feature an Innovation Hub to showcase what banks and FinTechs across the region are doing to develop a new, more innovative and dynamic offering," he added.

Onur Ozan, the head of Middle East, North Africa and Turkey at Swift, said: "We are supporting the global banking  community to build the financial industry of the future. Merc provides an opportunity for Swift’s global and regional teams to meet the Middle East banking community, understand its challenges and requirements, and help it embrace change."

Merc will look at the technology transforming banking, what is being done to deliver the payments services of the future, and managing risk in a real-time world.

Additionally, Raja Al Mazrouei, the executive VP of Fintech Hive DIFC, will also present Dubai’s Fintech Hive to delegates.

Other speakers include technology futurist Ian Khan, who will deliver the keynote address at the event. Ian Khan is a highly sought-after emerging technology expert who has helped hundreds of organisations understand the impact of technology and how best to leverage technology for success, he added.-TradeArabia News Service