ITS Exclusive Technology Sponsor of 2nd CIS Islamic Banking & Finance Forum 2020
Consumers, now more than ever, are empowered with choice. If you don't have a plan to get them onboard fast and effectively you will lose them to the competition. Here are a few tips to turn new and potential consumers into loyal and long-term customers:
The future of the financial sector is digital, and a key component is open banking. Open banking requires seamless integration, innovation and connectivity with customers and partners including FinTechs while ensuring compliance with regulatory and data standards. APIs (Application Programming Interfaces) are critical technologies that facilitate open banking and there are Four Approaches banks can use to unlock value through APIs - Integration, Banking as a Platform, Innovation and Client Connectivity.
The Digitalization Megatrend & the Banking IndustryReshaping the global banking industryThe Banking industry is facing massive challenges today. The effects of the Covid-19 pandemic have added an additional layer on top of the low interest rates, regulatory changes, and the digital disruption that have challenged the traditional bank business model long before the Covid crisis began. However, the banking industry’s response to the pandemic is noteworthy. Many banks went fully virtual in a matter of weeks, effectively deploying technology and showing impressive agility and resilience as COVID-19 reshaped the global banking industry, bringing in a new wave of innovation and accelerating digitization.
In continuation of its support for university students in Kuwait, ITS organizes “Watani” Training program for the fifth successive year to support and employ students’ skills and capabilities. El-‘Enzy: We held three courses this year for our students as we are keen to train the largest number of students in order to be able to join the labor market. This is done within the frame of ITS social responsibility towards employing and developing the Kuwaiti human resources.The International Turnkey Systems Group (ITS); the leading provider of cutting-edge integrated information technology solutions and one the Kuwait-Finance-House affiliates, has organized Watani training program for the fifth year, which took almost four weeks. A number of university and higher-education students from different majors have participated in this program. This is done within the frame of ITS’s supporting the skills and capabilities of Kuwaiti youth who are to join the labor market soon.