Conference Overview

Spending on IT by the financial sector is forecast to increase to US$1.5b by 2010, increasing at a compound annual rate of 10 percent and to remain the second largest vertical to Infrastructure. Banking will continue to dominate at 80 percent of total spend. Expenditure on hardware will still constitute the highest proportion of spending at 44 percent with IT services taking up 28 percent and software 17 percent of the remaining expenditure.

Within the Gulf States, the there is very high penetration of mobile phones, pair this with the high penetration of credit cards and you get a potentially large market for mobile payments. Mobile payments are an exciting prospective growth area and offer a new payment channel for consumers across all levels of society.

Regulation and security will be positively embraced by the more successful banks as opportunities to improve customer service and innovate rather than as restrictions that limit their ability to respond to the market.

BankIT will bring together Chief Technology Officers, Head of Risk Management & Compliance, IT Security & Anti-Money Laundering solution providers to find creative solutions and work towards expanding the banktech horizons in the dynamic middle east industry.


Speaking opportunities:

If you are interested in speaking at this event, please contact Welma Williams at welma.williams@itp.com or +971 4 4356128

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