Press Releases

19.09.19Press Release

More than Forty Five Participants in the Fintech Exhibition Accompanying the CBK International Banking Conference in Kuwait

Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Central Bank of Kuwait (CBK) will host “the International Banking Conference: Shaping the Future” on Monday, September 23, 2019 at the Four Seasons Hotel. More than forty five participant including over 25 fintechs will showcase their capabilities at the exhibition accompanying the conference. The exhibition is officially sponsored by Zain. 
As well as welcoming top executives and officials from mainstream banking, the conference will provide delegates with an opportunity to learn first-hand about the fintech innovations that are reshaping financial services in the region.

In this respect, His Excellency the Governor of the Central Bank of Kuwait Dr. Mohammad Y. Al-Hashel said, “We welcome the participation of the local banks, telecommunication companies and the fintechs from Kuwait and the GCC in the exhibition. Fintech has a strong appeal to various segments of societies, for it caters for the needs of the unbanked people, and meets clients’ expectations. The demand for fintech is not only reshaping the banking industry’s landscape, but has a role in setting elevated expectations of a frictionless experience. Therefore, the harnessing of innovative technologies is a key success factor for banks going forwards, or they may face the risk of becoming irrelevant.”

Prev CBK Decides to Maintain the Discount Rate at its Current Level of 3.0%
Go Back
Next CBK Launches its "Kafa’a" Initiative for Developing Kuwaiti Nationals in Cooperation with Kuwaiti Banks & IBS