6DECEMBER 2020Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerAlbert RozarioSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteEditorial StaffAva GarciaJoshua Parker Paul BarberJoy ParkerCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com December - 26 - 2020, Vol - 06, Issue - 07 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Advanced technology and innovation have forever interrupted business operations of the past. With changing trends and customer expectation, product offerings, service, and business operations has been the center of the constant cycle of adopting and adapting to the latest technology and operation models. The financial service industry is no exception to this and has experienced a dynamic revolution concerning digital and technological aspects of product classification and conducting business. The Middle East is one of the world's fastest-growing regions in the banking and capital markets sector. Also, fintech firms and banks in the Middle East embrace changes as they undertake efforts to address consumer demands for more timely and convenient payments. Banking and simple transactions regarding AI-driven chatbots have already begun. The use of banking bots will also be cost-effective and beneficial to the customers. Virtual reality will soon be able to support most banking queries substantially. Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) are the next-generation computing processes that integrate sensors, big data, cloud, Artificial Intelligence (AI), and wearables. This technology can also be remarkably effective in evolving markets, where customers have less possibility to visit a bank.Moreover, AI has now reached beyond the human scale with respect to FinTech financial services and banking. Machine Learning and AI can process and analyze a significant amount of information about users. Apart from this, AI can also provide FinTech with security. This technology can facilitate organizations in identifying potential future attacks, suspicious transactions, and fraudulent behavior. On the flip side, Machine Learning will reduce processing times and will also help to reduce duplicate expenses and human error.The financial sector is experiencing a thorough transformation thanks to new technologies and a widespread move towards digital transformation solutions. By keeping up with fintech trends, financial services companies can stay relevant on the market and start innovating their products to gain a competitive advantage. In this edition of CFO Tech Outlook, we bring to you some of the leading companies that have excelled through innovation in providing promising fintech solutions in Middle East. We hope the inspiring success stories of these providers benefit our readers in pursuit of an ideal collaboration.Let us know your thoughts!The Next Fintech Hotspot in the Making
< Page 5 | Page 7 >