World Islamic Banking moot in Bahrain next month


Experts gathering at the 24th World Islamic Banking Conference in Bahrain next month will discuss the need for banking and financial institutions to keep pace with changes in the sector as the industry undergoes a digital revolution. New user experiences are rapidly replacing traditional banking interfaces to suit an increasingly online approach as global financial institutions ramp up their technology systems for a new era of digital customer engagement. Islamic banks have typically been behind their conventional banking counterparts when it comes to implementing the latest technological innovations, but many in the Gulf and Middle East are taking a more agile approach and re-engineering their business models to retain a competitive edge.—Agencies

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