Systems Limited and Temenos showcase
the future of AI-driven banking at BOFF
Karachi, October 2, 2024 – Systems Limited and Temenos hosted the 13th edition of “The Bank of the Future Forum (BOFF)” on 2nd October 2024 at Marriott Hotel Karachi. This year the event brought together over 500 banking leaders and technology experts under the theme “Banking Modernization in the Era of AI.” The event highlighted AI's transformative role in banking, covering key topics such as digital innovations, cloud adoption, Islamic banking, and payment modernization.
A key highlight was the keynote address by Mr. Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), who offered crucial insights into the regulatory frameworks required to support digital transformation in the banking sector. He stressed the importance of balancing innovation with financial stability and inclusivity, offering a forward-thinking approach for the industry.
Other key sessions included a keynote by Asif Peer, Group CEO and Managing Director of Systems Limited, who highlighted Systems’ unwavering commitment to building the Banks of the Future. He unveiled how their innovation and AI-driven solutions and deep expertise continue to power the transformation of financial institutions. Ammara Masood, Global Industries GM BFS at Systems Limited, provided a comprehensive overview of the current challenges and opportunities in Pakistan’s banking sector, shedding light on emerging trends, regulatory developments, and technological advancements shaping its future.
A significant session was the fireside chat with Sohail Aziz Awan, CIO of UBL, where he discussed UBL’s pioneering journey in digital banking. He detailed how the bank has revolutionized customer experiences and enhanced operational efficiency by leveraging modern technologies and forging strategic partnerships. A focused panel explored the roadmap for converting to Islamic banking as mandated by the SBP, featuring leaders from BankIslami, Meezan Bank and Temenos. Industry leaders discussed shariah compliance and how banks are undertaking this transition.
Another vital panel on AI's role in the future of banking featured leaders from HBL, Mashreq Bank, and Meezan Bank. They shared how AI is influencing strategic decisions, the opportunities and challenges it presents, and their vision for the future of banking in an evolving digital world.
BOFF 2024 also welcomed global sponsors and key partners, including Nevis Security, AWS, Salesforce, HID Global, Dell, Awan Distribution, and Formpipe, who led discussions on securing banking infrastructure and showcased how their solutions deliver real-world innovations for the banking sector.
As an important industry event in Pakistan, BOFF provides a critical platform for the banking fraternity to connect, share ideas, and develop solutions to the pressing challenges facing the industry. It fosters networking and collaboration, driving initiatives that help Pakistan’s banking sector excel and compete on a global scale.
How can we help you?
Are you ready to push boundaries and explore new frontiers of innovation?