Ramana Kumar is the Chief Executive Officer of Magnati, which is the payments subsidiary of First Abu Dhabi Bank and Brookfield. Ramana has been instrumental in incubating Magnati and carving the business from a large bank into an agile and futuristic payments company. Ramana has been credited with driving many strategic and innovative initiatives in payments space. He has special interests around innovation/ data and artificial intelligence / fintech and partnerships and the impact on the payments space.
He was the key driver in turning Magnati into one of the most innovative and progressive payment solutions provider in the UAE. He led the company launch many “first in the market” initiatives including payments modernization, driving data driven business growth and monetizing data, cashless initiatives, financial inclusion, AI and Metaverse.
Mr. Kumar has always been one of the trendsetters in the region for innovation and challenging status quo. Prior to Magnati, Ramana worked on many roles across corporate banking, Transaction banking and Group strategy.
Roundtable Room 3, Sands Expo & Convention Centre, Level 4
Invite-Only
Both digital trade and digital finance are frequently cited as key to solving the trade finance gap and more generally the financial inclusion gap. Although there are examples of instances where fintechs have helped to expand financial inclusion, the trade finance gap and the problems of financial inclusion continue to grow. The bulk of finance, technology and digital trade innovation– particularly in the past year where focus has been on the use of AI– have focused on making current processes faster and more efficient, without making a real dent on inclusion.
This roundtable seeks to recentre the inclusion discussion on the collaboration that digital trade and digital finance advocates must undertake to create real pathways – not just rhetorical ones – towards financial inclusion. Among the key discussion items will be:
- Creation and sharing of data from trade processes into finance
- Tokenization of real world and financial assets to solve deep tier/upstream access
- Partnership with Multilateral Development Banks and policymakers to drive private sector action
- The role of CBDCs and payments
Working with the audience, the roundtable seeks to outline a number of actions that can be taken collaboratively towards closing the inclusion gap and making real progress, bearing in mind the need to strike a better balance between the need for commercial viability of innovation and the need to solve inclusion issues and secure future prosperity.
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