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NEWS Digitalisation in Abu Dhabi


Alex Hamilton Reporter


Digital was the watchword in Abu Dhabi during March as banking professionals and vendors descended on MEFTECH 2016.


FinTechs, Millennials and innovation. Chris Skinner, CEO of The Financial Services Club, kicked things off with a presentation on the future of the industry. “Most banks were developed over the last two centuries to distribute paper,” he said. Now, though, we’re creating a digital distribution system that relies on servers over humans – making the switch is a challenge.


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e’re entering into a new age filled with


“Finance and technology are coming together to create a totally new market space,” said Skinner. “We’re only 70 years or so into the information revolution.” The first steam patent was made in the late 17th century and the last at the start of the 20th, so there is still a long way to go for our current era.


Banks emerged in the midst of the industrial revolution,


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