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Held under the auspices of the Central Bank of Bahrain, and aptly staged in the heart of one of the world's leading financial centres, MEFTEC brings together financial services and technology leaders to learn, network and do business. The event combines an industry-leading conference, with a highly specialised trade exhibition and high-end social functions, to deliver a tightly focused, time-efficient, quality-driven and results-oriented event.
Commenting on Intertec's participation in the third edition of MEFTEC, Mr. Naresh Kumar, Director - Banking Applications, Intertec Systems, said:
"The financial sector is undoubtedly one of the biggest users of IT. The region's banking and financial services sector, is among the fastest growing in the world. In recent years, it has witnessed a significant overhaul of its IT infrastructure. MEFTEC provides an excellent platform for IT solution providers like Intertec Systems, to showcase our offerings for the sector."
He added: "Intertec Systems has been in the forefront of introducing latest and innovative IT solutions for the financial sector in the region. At MEFTEC, we will be showcasing a significant range of IT solutions, including Basel II, IFRS, Asset Liability Management, Anti-money Laundering, Loan Collection System and IT Service Management."
The total IT spending by Middle East banks in 2006 is estimated to have been $1.4 billion. The sector is growing by 12 per cent-15 per cent per annum. According to a report, banks in the Gulf represent the largest single vertical, in terms of overall IT investments.
Powered by an invitation-only Hosted Delegate Programme, MEFTEC hosts financial services leaders from across the MEASA region, to address pressing strategic and technical issues, preview the latest innovations in technology, and network to build new partnerships.
MEFTEC operates strict delegate pre-qualification criteria, to ensure an impeccable quality of participation.
Posted by Anne-Birte Stensgaard, Senior News Editor
