IQPC Banking Technology Summit 2011

Investing in technology in changing times

IT spending in Egypt is projected to reach USD 1.9 billion by 2013 (an increase from USD 1.2 billion spent in 2009). Factors such as growing foreign investment and government spending are expected to bolster this growth.

Risk management, virtualization, security and data migration/integration with legacy systems are some of the key challenges CIOs are faced with. New guidelines from the Central Bank as well as new global standards such as Basel III and IFRS are driving the market and IT departments will have to follow suit. There is no surprise that global risk technology expenditure is estimated to increase by 10% in 2010, with Egypt among the countries who has geared up to undertake major risk management initiatives.

IQPC’s Banking Technology Summit Egypt offers a platform to discuss how risk management, e-banking and security are changing the face of banking in Egypt. The Summit brings together CIO’s, COO’s, CTOs, IT Directors and Risk Officers across the banking and financial services sector in Egypt to allow for a high level exchange of best practises and case studies.