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Technology is a key foundation of the vision (New Kuwait 2035) : CAIT

KUWAIT, Sep 24 (KUNA) -- Acting Director General of the Central Agency for Information Technology (CAIT) Qusai Al-Shatti affirmed Monday importance of the upcoming Kuwait Financial Technology Fair, due to October 23, for supporting innovational development.
"Technology sector has become a cornerstone in the vision of (New Kuwait 2035)", he said.
The two-day exhibition, which will be held for the second year in a row, will discuss value-added tax, encrypted currency, cybersecurity and Internet.
It aims to attract many financial, banking and technical experts as well as business innovators from industry leaders and government officials, Al-Shatti added.
The fair aims to highlight many innovated technologies such as (Blockchain), which is an organized database that provides a secure exchange of valuable materials such as funds, stocks, and gives the rights for data access, as well as e-Payment gateway and cloud banking solutions.
It will also shed light on (Fintech) technology, a new industry that uses technology to improve activities in finance that has rapidly developed into a global trend, bringing together entrepreneurs, technology giants and major banks, Qusai Al-Shatti explained The consolidation of decentralized technologies such as (Blockchain), (Fintech) and others is driving the financial sector positively to redevelop itself more than ever, he concluded.(end) skm.ht.nhq