Middle Eastern banks are on the cusp of an AI revolution, with the technology predicted to contribute as much as 13.6% to the region's GDP by 2030. This transformation will be driven by the adoption of AI-powered services across various functions, including customer service, risk management, and compliance.
The region's regulatory environment and supportive ecosystem are creating a fertile ground for innovation, with governments investing heavily in AI initiatives. For instance, the UAE introduced the world's first government Minister of AI in 2017, followed by the world's first AI university in Abu Dhabi.
Banks in the region are already leveraging AI to boost workforce productivity, reach new segments of clients, and enhance customer experiences. The use of Generative AI and Agentic AI is expected to revolutionize the banking sector, enabling effortless experiences, new levels of financial advisory, and more end-to-end instant services.
The 9th Annual Middle Eastern Banking AI & Analytics Summit 2025 will bring together industry leaders to discuss the latest advancements in AI, analytics, and cloud-based solutions. The summit will cover topics such as AI-powered regulatory compliance, integrating AI for enhanced customer trust, and best practices in AI risk management.
