CRIF hosts the GCC Credit Risk Event on commercial credit management in Dubai
On February 1, CRIF organized the latest GCC Credit Risk Event for its regional clients belonging to the Gulf Cooperation Council (GCC), an intergovernmental economic union consisting of all Arab states of the Persian Gulf, including the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia.
The event covered a wide variety of market-relevant topics ranging from regional best practices in credit risk, current banking processes, specific GCC economic reviews, psychometric scoring, artificial intelligence, IFRS9, regulatory compliance and new SME fraud rules.
Over 100 senior banking delegates from the United Arab Emirates and Saudi Arabia markets joined the event to hear prominent speakers from regional banks. Those sharing their experiences included Mr. Mohammed AlYousef, CEO of Bayan Credit Bureau, Eng. Yasser Allaf, CRO of Abdul Latif Jameel, Mr. Mohamed Bardestani, Senior Economist at Oxford Economics, Mr. Rehan Ali, CRO at National Bank of Fujairah, Mr. Ali F Ghani, Director of Analytics at Emirates NBD, as well as financial experts, industry specialists and business owners.
CRIF experts presented the company’s initiatives in the fields of credit risk management, credit scoring analytics, and regulatory compliance knowledge, highlighting the growing demand for incorporating psychometric scoring and artificial intelligence along with traditional credit scoring methods.
The event was very interactive with some interesting discussions and Q&A sessions from all the attendees, who found the CRIF knowledge-sharing platform particularly useful for communicating with banking peers and industry experts.