SUMMIT: INNOVATION IN PARTICIPATION FINANCE

2 April 2019, 13.30-17.30

Agenda

12:30 – 13.30             Registration and Networking

13:30 – 13:40             Opening and Introduction

13:40 – 14:30             Technology Drive in Participation Banking

Participation banks around the world have been among the pioneers in fast adopting digitalization programs from mid-90s and then on. Today, there is hardly any retail bank that does not maintain a mobile app for its customers offering a wide range of banking services. The competition however is stiff that they are driven to further innovation. Facial recognition, quick loans, platformization of services, social media integration, smart support towards bots and AI are only a few that are on the innovators agenda. The panel hosts distinguished executives to discuss how they see Participation banking evolves for the years to come.

14:30 – 15:20             Understanding Ecosystem and Open Innovation

The era towards self-sufficiency in capacity and infrastructure is drawing to an end. As customer journey comes to the fore, expectations ratchet up. Legacy systems are not always readily available to meet with the changing demand. This does not only lead to emergence of new players with agile and efficient solutions but also to a landscape where market leaders feel forced to collaborate with the new entrants. How does this landscape need to be structured to optimize the collaboration? The panelists will attempt to find answers to this question.

15:20 – 15:40             Coffee Break

15:40 – 16:30             Asset Management: Technology, robo-advisors and beyond

Innovation in capital markets and asset management emerges rapidly. WealthTech has become a buzz word and a trending topic these days in financial industry. It transcribes into applications with AI, machine learning, data analytics and intelligent robots. The WealthTech influence in Islamic asset management is the primary goal of this session of which its speakers will bring to the board towards their professional experience.

16:30 – 17:20              Digitizing Takaful

Impact of technology in Insurance industry is ubiquitous. Innovation changes the way insurance and reinsurance products are developed, processed and delivered. Insurance services go fully-digital. Awareness of the conventional players has dramatically increased towards innovation. Key regulations are often revisited towards a balanced growth of the insurance ecosystem. Takaful is not immune to this disruptive change. The inquiry is what awaits the Takaful industry and services in the way forward.

17:20 – 17:30              Close

Venue: BJK Vodafone Park

Pass: IFS Summit

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