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Legacy of<br />
Sharing<br />
Knowledge
ABOUT MASIC ANNUAL<br />
INVESTMENT FORUM<br />
The MASIC annual investment forum is an annual event centered on bringing investors, practitioners<br />
and scholars together to debate and share information pertaining to the latest trends<br />
and developments in the areas of economics, finance and investments. The financial investment<br />
in Saudi Arabia is one of the activities that are connected to the economy’s growth,<br />
where the investment fund & portfolio have played a key role in financing different projects of<br />
various economic sectors, which have positive impacts in achieving the development plans<br />
being implemented in the kingdom of Saudi Arabia.
In the past decade, the financial industry has been faced by numerous challenges. These challenges<br />
are largely caused by the global financial crisis of 2008 and the technological progress<br />
that encourages the development of a digital banking system. Regulatory barriers on several<br />
applications of technology in the finance services industry have limited the effect of fintech in<br />
the industry. However, over the years, fintech disruption has been a main factor of consideration<br />
among many leading banks around the world as they seek to change their business structure to<br />
meet the current market demands. There are different fintech solutions that have existed and<br />
continue to be created as people seek to use technology to increase efficiency in their banking<br />
and financial services. According to the 2016 CGI Global 1000 outlook, “over 70% of leaders<br />
cite the rising influence of consumers’ digital behaviours. Customers expect personalized and<br />
seamless digital experiences across channels, with banking, retail and consumer services, and<br />
communications.” Fintech solutions offer borrowers, investors and businesses with faster, cheaper<br />
and straight access to capital for their various undertakings, making them highly competitive<br />
compared to the traditional lenders. Nowadays, consumers seek to avoid the middleman when<br />
performing transactions, a solution that is offered through technology.<br />
Some of the FinTech concepts CGI cited that consumers’ value and demand were as follows:<br />
security, personal financial management solutions, mobile payments, personalized digital experience,<br />
bartering services, alternative currency, mobile cash-flow manager, and robo-advice.<br />
These solutions all seek to reduce the process of making various financial transactions. The
most important concept that consumers look into is the security of their data and money when<br />
choosing a FinTech solution. Consumers also seek the efficiency of monitoring their financial<br />
information through their devices, make payments through their mobile devices, personalized<br />
services for products they would prefer. The implications of these concepts mean that banks<br />
will need to restructure their personnel, service packages and the product range they offer to<br />
consumers to ensure that they meet the rising demands and remain competitive in the industry.<br />
The demand for alternative currency is a challenge whose effect on the financial sector has<br />
not been fully understood. However, there is an increasing demand that consumers would like<br />
a digital currency that is secure to use in real-time and can be used for transactions that transcend<br />
borders.<br />
Globalization is one of the main factors that encourage consumers to demand for a unilateral<br />
currency for use across borders. In 2017, the rise of crypto-currency like Bitcoin caused fear in the<br />
financial industry since the currency was not bound by the regulations that govern operation of<br />
financial institutions. Regulatory entities also need to adjust their regulations to allow consumers<br />
to enjoy the efficiency of alternate currency which promotes e-commerce and globalization.<br />
The regulatory entities need to come up with new regulations guiding how the currency can be<br />
used in different countries across the globe.
Current Data Status 13 Feb 2019 - Graphical Representation
Current Data Status 13 Feb 2019 - Graphical Representation
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TANYA BECKETT<br />
Business Journalists/Anchor/<br />
Reporters British TV<br />
Tanya is currently one of the most experienced business journalists/anchor/reporters around on<br />
British TV. She has returned to the UK having spent three years broadcasting from New York on<br />
Monday - Thursday and Washington DC on Fridays as the ‘BBC World US’ Business Anchor. She<br />
also fronted ‘BBC World News’ on PBS in the States. Since her return she has been working for<br />
BBC World and ‘Newsnight’ BBC2.<br />
Journalism began to interest her and so it was only a short leap from that world into the World<br />
of TV which Tanya made with spectacular success. In 1993 she joined ‘NBC Europe/ CNBC<br />
Europe’ as a Business/political reporter. Between 1993 – 1998 she continued to work for various<br />
Broadcasters such as ‘CNN International – Sky News - Dubai TV’ gaining valuable experience<br />
along the way.<br />
Inevitably the BBC finally beckoned and she became one of the regular anchors for ‘Working<br />
Lunch’ BBC2 quickly followed by becoming one of the regulars on BBC 1’s ‘Business Breakfast’<br />
She also became part of the ‘Business team on ‘News 24 and BBC World’<br />
Tanya is also an experienced, competent and polished presenter/facilitator within the corporate<br />
world. She brings her wealth of business knowledge and experience to whichever event<br />
she is involved in.
S<br />
SCOTT D. ANTHONY<br />
Senior Partner at Innosight<br />
Scott D. Anthony is a senior partner at Innosight and the former managing partner of the firm.<br />
Based in the firm’s Singapore offices since 2010, he has led Innosight’s expansion into the<br />
Asia-Pacific region as well as its venture capital activities (Innosight Ventures).<br />
Scott has advised senior leaders in companies such as Procter & Gamble, Johnson & Johnson,<br />
Singtel, Kraft, General Electric, LG, the Ayala Group, and Cisco Systems on topics of growth<br />
and innovation. In 2017, Scott was awarded the Thinkers50 Innovation Award, which recognizes<br />
the world’s leading thinker on innovation.<br />
Scott is one of Harvard Business Review’s most prolific contributors and is the coauthor of the<br />
new book Dual Transformation: How to Reposition Today’s Business While Creating the Future,<br />
a blueprint for how successful companies can leverage disruptive change to fortify today’s<br />
business and create tomorrow’s growth engine. He was the co-author of the HBR article “Build<br />
an Innovation Engine in 90 Days” as well as dozens of digital articles for the magazine.
A<br />
ANTONY JENKINS<br />
Founder and Executive Chairman of<br />
10x Future Technologies<br />
Antony Jenkins is Founder and Executive Chairman of 10x Future Technologies, a company<br />
that promises to redefine how banks operate and engage with consumers. Antony’s focus on<br />
driving innovation in the digital economy also extends to his role as Group Chairman of Currencies<br />
Direct, the leading UK non-bank provider of foreign exchange and international payment<br />
services; and his role as a board member of Blockchain, the world’s leading software platform<br />
for digital assets. He is a Board Director of Fannie Mae, sitting on the US mortgage lender’s Strategic<br />
Initiatives and Technology Committee and the Nominating and Corporate Governance<br />
Committee. He is also a member of the Consultative Working Group of the European Securities<br />
and Markets Authority.<br />
Antony is a strong believer in the need for businesses to support the future workforce to acquire<br />
the right skills to thrive in the digital era.<br />
He was previously the Group CEO of Barclays plc for three years until July 2015.<br />
Antony holds an MA from the University of Oxford and an MBA from Cranfield School of Management.
TAN SRI AZMAN<br />
MOKHTAR<br />
June 2004 to July 2018T<br />
Managing Director of Khazanah Nasional Berhad<br />
Tan Sri Azman Mokhtar was the Managing Director of Khazanah Nasional Berhad, Malaysia's<br />
strategic investment fund from June 2004 to July 2018. During the 14+ years as its longest serving<br />
CEO, Khazanah established itself as a leading sovereign fund in the region and beyond, as its<br />
portfolio value trebled from RM33bn in 2004 to RM115.6bn at the end of 2017.<br />
Other notable achievements included leading the GLC (Government-Linked Companies)<br />
Transformation Program, the development of the Iskandar Malaysia special development<br />
zone, and the internationalization of Khazanah and its companies and into new growth sectors.<br />
In addition, Khazanah is also well recognized as a leading proponent of impact and responsible<br />
investing, corporate governance, Islamic Finance, and implementing a holistic value<br />
creation framework of Building True Value from a financial, economic and societal value creation<br />
standpoint.<br />
Prior to Khazanah, he co-founded a boutique financial advisory, BinaFikir, and prior to that was<br />
the Head of Investment Research at UBS and Solomon Smith Barney, Malaysia. He started his<br />
career at Malaysia's national electricity utility, Tenaga Nasional.<br />
He obtained a M.Phil. in Development Studies (with distinction) from Darwin College, Cambridge<br />
University and a Diploma in Islamic Studies from International Islamic University Malaysia.<br />
For his services to the nation, Azman was awarded the P.S.M medal by the King of Malaysia in<br />
2008 which carries the title "Tan Sri".
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