Kuwait Banking Association, in cooperation with Huawei Technologies, organized the “Smart Finance” workshop on Tuesday, July 1, 2025, bringing together senior executives from Kuwait’s banking sector to discuss the latest developments in financial technology and its applications in the banking industry.
In his opening remarks, Prof. Dr. Yaqoub Al-Rifaei, Secretary-General of Kuwait Banking Association, expressed his delight in hosting this distinguished event and collaborating with global technology leader Huawei. He emphasized that this workshop represents a significant step toward advancing local banks’ digital transformation and adopting cutting-edge smart solutions.
Dr. Al-Rifaei further stressed that the partnership with Huawei, a global pioneer in technology, reflects the Association’s and banks’ commitment to fostering innovation and developing an advanced and agile banking environment that keeps pace with rapid changes and efficiently meets customer needs.
The workshop highlighted the transformative role of artificial intelligence, big data analytics, and blockchain technologies in reshaping the future of the banking sector. Panel discussions explored how these technologies can enhance operational efficiency, improve customer experience, and support comprehensive digital transformation in Kuwait’s banking landscape.
The event witnessed high engagement and productive exchanges of ideas and future visions. All participants emphasized the importance of strategic tech partnerships in building a sustainable and globally competitive banking sector.
On his part, Mr. Jeff Zhu, CEO of Huawei Kuwait, thanked Dr. Yaqoub Al-Rifaei for the fruitful collaboration that led to the successful organization of the conference. He stated that Huawei focused on three core themes during the event: accelerating financial intelligence through AI, harnessing data potential, and ensuring secure financial communications in the AI era.
He highlighted Huawei’s capabilities in supporting the banking sector and reaffirmed the company’s commitment to working closely with local banks and their partners in Kuwait to drive success through advanced solutions.
