The second edition of the Huawei Intelligent Finance Summit 2024 brought together financial industry leaders, experts and practitioners to discuss strategies to strengthen the sector’s foundations. The event highlighted the shift towards a smart financial landscape, emphasizing the growing importance of engagements over simple transactions. Discussions focused on the need for financial institutions to develop robust infrastructure and data intelligence platforms to increase productivity in the sector.
Speaking on this occasion, Mohamed Saad, DGA of the bourse from Casablanca, stressed the importance of migrating to the cloud, in particular to Cloud First, inspired by the initiatives already taken by Canada and the United States. He mentioned the G42 in Abu Dhabi as a benchmark in this area, emphasizing that salvation lies in this cloud maturity. He also highlighted the role of the Casablanca Stock Exchange in financial education and acculturation, citing Simon Sinek and the concept of “Start with Why”. He explained the need to talk about banking and investing in the stock market, especially for individuals, emphasizing that unlike other regions such as the Middle East, the Casablanca market is mainly corporate.
For his part, El Mehdi El Jair, Regional Technical Director for the financial services industry at Huawei North Africa, highlighted the growing emergence of the digital banking and Fintech sector in Africa, highlighting its growing importance and its complementarity with the traditional banking industry.
He shared data showing a significant decline in return on equity and operational costs across leading African financial institutions, highlighting the need for technological transformation.
A. Loudni
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– 2024-05-07 22:07:41
