Fintech
LIBF’s Mission to Transform Financial Education in the MENA Region
As financial technology continues to transform the financial industry, professionals must embrace continuing education and professional development to stay ahead. With rapid technological advances, it is essential that individuals regularly update their skills to effectively leverage new financial technologies.
Ehsan Razavizadeh, CEO of MENA and Asia at LIBFis a passionate believer in the transformative power of education in shaping the future of fintech. He emphasizes the importance of continuous learning and professional development for a dynamic banking and finance industry.
In this discussion, Razavizadeh highlights how LIBF is making a significant impact on the banking industry through pioneering educational initiatives. She also explores the evolution of the institution and the promising future that awaits LIBF in the MENA region.
Can you provide an overview of LIBF MENA and its mission in the region?
LIBF MENA provides education and training for banking and financial services professionals across the MENA region. Founded in the City of London in 1879, LIBF remains the only professional body in the banking and financial sector with degree-awarding powers.
Our mission is to empower people around the world with the most personalized education, enabling them to grow both personally and professionally. The vision is for everyone to have access to education to thrive. Our Abu Dhabi office supports the development of tailored skills in finance, offering professional qualifications such as the Certificate in International Trade and Finance (CITF) and advanced degrees such as the MSc Banking and Finance.
What are the key fintech trends that professionals in the MENA region should be aware of?
Banking was one of the first to embrace the benefits of computerization, in the 1960s, when they introduced centralized ledgers on mainframes. Banking and finance are still at the forefront of digital advances. Think digital payments and the disappearance of cash. Think banking apps on your phone. Both have brought enormous efficiencies that we already take for granted, but there are also many other developments that are less obvious. The use of generative AI and machine learning will accelerate work within companies that consumers don’t (and shouldn’t) think about, including preventing fraud, increasing compliance with financial regulation, and simplifying code development.
We are adopting Artificial intelligence in education, making quality and innovative education accessible to all. Our digital and fintech courses help industry professionals improve their skills in these areas.
What are the biggest challenges in promoting financial education in the MENA region and how has LIBF addressed them?
The rapidly evolving fintech landscape requires professionals who understand both technology and traditional banking principles. LIBF addresses these challenges by offering courses taught by industry expert faculty and providing attendees with access to industry guest speakers and current case studies. This approach ensures that the bankers of the future can effectively support financial inclusion and business growth.
How does LIBF ensure that its fintech courses remain relevant in a rapidly evolving industry?
With over 140 years of tradition, LIBF is at the forefront of thought leadership in the banking and finance industry. Our deep industry roots and expert faculty ensure that our courses remain cutting edge. We actively participate in major fintech events in the MENA region, keeping abreast of global trends and sharing our insights. A key innovation is our partnership with International University of Applied Sciences IU, introducing Syntea, an AI-powered learning companion. Syntea engages students in Socratic dialogue, delivering personalized, interactive learning experiences that reflect the latest advances in the industry.
What advice would you give to someone who wants to improve their skills at LIBF and is considering a career in fintech?
Choosing LIBF means embarking on a transformative educational journey that combines comprehensive theoretical knowledge with in-depth industry insights. We emphasize hands-on experience and extensive networking opportunities, which are essential to understanding and thriving in the banking industry.
Our programs and qualifications enable participants to integrate diverse skills and knowledge to address real-world challenges. Additionally, our range of offerings is designed to foster innovation, critical thinking and adaptability, giving participants a unique edge in their careers. By interacting with industry leaders and participating in dynamic projects, our participants are well-prepared to become future leaders in fintech.