"Sims 2025" It discusses the future of the digital economy in the region
Dubai, May 21/ WAM/ The second day of the Simlus 2025 conference in Dubai discussed the most prominent transformations in the digital economy and financial technology.
The sessions and workshops focused on digital, hidden banking payments, digital identity, and cryptocurrencies, as they are main axes that reshape the future of trade and financial services in the Middle East and North Africa.
The “Empowerment of Financing Empowerment: Investment of Hidden Banking and Constant Payment Solutions” reviewed the merger between banking services and digital applications, which contributes to improving the user experience and developing new revenue business models, where senior executives of banking and international banking institutions discussed the capabilities of bank cooperation and financial technology companies in providing built -in and smooth payment solutions within user’s daily environments.
The “Caller Retail Selling” workshop witnessed the discussion of the effect of multi -channel trade on the behavior of the consumer, as the integration between actual stores and digital platforms was highlighted in providing a dedicated shopping experience based on data and analyzes, which contributes to enhancing the efficiency of supply chains and increasing customer loyalty.
In the axis of digital identity, representatives of leading technical companies discussed the importance of using smartphones as a major gateway to activate digital identities and secure electronic payments, in order to enhance the security of transactions and provide a reliable alternative to traditional means, and establishes a new stage of confidence in the digital economy.
Other sessions touched on the role of obstetric intelligence in developing the banking sector, where speakers reviewed how behavioral analyzes are used to provide customized financial services and improve the operational efficiency of digital banks, amid challenges related to data protection and organizational compliance.
In a session entitled “Stable and Populated Digital Currencies in the UAE”, experts discussed the realistic uses of these currencies in modern financial systems, and reviewed international experiences from Singapore and the Gulf Cooperation Council countries in adopting encrypted currencies, stressing their role in enhancing financial inclusion and building sustainable digital financial infrastructure.
The organization of these sessions comes within the “Simels 2025” agenda aimed at enhancing integration between financial institutions, financial technology companies and decision makers, which contributes to accelerating the pace of digital transformation in the region.
The conference will be concluded tomorrow with sessions that focus on digital sustainability and future business models in light of the escalation of the adoption of smart solutions at the region level.
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