Open Banking and Open Finance in the MENA Region

Considerations for banks and fintechs in a fast-moving and innovative ecosystem

Duration: 45 Minutes

Economic growth and the pace of change make the MENA region a leading force in the global open banking movement. Matthias Biehl and Brendan Jones will explore the impact of recent digital progress and the changing regulatory environment and consider what it will take for banks to be successful as open banking and open finance are implemented in the region.
They will consider:

  • The regional clusters
  • The drivers and different approaches to implementation with a particular focus on the larger Gulf region: UAE, SA, Oman, Kuwait and Egypt and Jordan
  • The role of the regulators
  • Overcoming barriers to entry
  • How banks are responding
  • Regulatory vs. voluntary APIs and monetization of banking APIs

Brendan Jones
CCO, Konsentus

Brendan Jones is Co-Founder and Chief Commercial Officer at Konsentus, a global RegTech company that enables financial institutions to transact safely and securely in the open banking and open finance ecosystems.

A payments expert whose knowledge encompasses both traditional and emerging payment technologies, regulation, and their application to support trusted and secure open ecosystems, Brendan’s leadership career spans banking and financial technology companies.

Brendan has held director roles in the banking industry including MBNA and Bank of America. He has also held senior roles within the payments industry for companies such as Datacard and Giesecke & Devrient UK.

Dr. Matthias Biehl
Digital Evangelist at Software AG

Matthias is a techie at heart with a background in APIs, AI, security and software engineering. At some point, he got a Ph.D.

Nowadays, he uses his technical background to help companies define their digital strategy, execute their transformation agendas, and bring innovations to the market.

He also loves sharing his knowledge in online courses, workshops, blogs, and is the author of several books on APIs.