'Banking on eSolutions' event from eCompany to provide cutting edge insights for UAE Banking industry

Participants will also get an opportunity to understand the wide applications of eSolutions tailor-made for the banking sector from eCompany in addition to hearing from Mastercard and Visa on their initiatives for securing online payment transactions.

During the event, participants will get to understand eCompany's comprehensive strategy aimed at assisting the banking community in meeting their IT objectives. eCompany's approach in helping banks in minimizing operational risks will also be a highlight during the event. Participants will also get an opportunity to hear from eCompany on the OASIS ( Online Authentication Service for Issuers) service which is a authentication service enabling issuing banks to comply with Verified by Visa and MasterCard SecureCode.

Verified by Visa and MasterCard SecureCode are payment initiatives designed to reduce the risk of unauthorized use of a cardholder account by authenticating the cardholder attempting to make a purchase online. eCompany is the first and only service provider in the region for this service which covers cardholder enrolment, registration,and customisation. The service is a cost effective, quick and reliable solution for issuing banks backed by 24x7 bilingual customer service support.

According to Ahmad Abdulkarim Julfar, GM eCompany, ""As the Middle East banking sector becomes more competitive, focused on customer service and more global in nature, there is an urgency to optimize investment to meet growth ,customer satisfaction as well as regulatory compliance objectives. eCompany with its comprehensive security solutions, infrastructure solutions and managed services is uniquely equipped to partner with banks to meet their challenges in this sphere."

"We intend to challenge and enhance participant's understanding in terms of developing an effective ICT strategy for banks. Attendees can be assured of cutting edge insight as well as industry leading ideas and technology insights from successful practitioners within the financial world. We are confident that the content of the conference will prove to be an enriching experience for participants in helping them grapple with the challenges of an increasingly competitive banking environment."

According to Azzam Al Dari, Regional Director, Consulting. META Group Middle East who would deliver the key note address, "Competition, rapid pace of change and new international regulations are increasing the pressures on the size and utilization of a bank's capital. Capital is becoming the most scarce and expensive resource for a bank. CIOs are required to transform their strategies and organizational cultures from "Up-Front Capital Investment" to "Expense Management". ICT "Asset/Service Leasing" is gaining ground and momentum against the classical "Acquire-and-Maintain" operational model. This delivers key business benefits in terms of efficient capital utilization, optimized cost, increased revenues, lower risk profiles and short time-to-market ."

The event would also feature a panel discussion aimed at getting participants and the panel members to interact on various issues pertaining to their experience in terms of an operational and strategic look at an effective ICT strategy .

To register for the event, participants can visit www.ecompany.ae/bankingevent