Date: May 21, 2025
Dubai
Dr. Mohamed Farmer, CEO of Appbank.org and a member of the Arab Federation for Digital Economy Expert Team, emphasized in his speech at the Seamless Middle East 2025 Conference and Exhibition in Dubai the importance of leveraging artificial intelligence to support the digital economy and develop responsible financial services. He noted that financial technology has become the cornerstone for building a sustainable and economically advanced future.
Dr. Farmer, a globally recognized expert in banking and financial innovation, explained that the ethical principles of finance have remained an essential part of all civilizations, and that deviating from them leads to financial and economic chaos. He pointed out that digital technologies such as artificial intelligence and blockchain represent strategic solutions for implementing these principles and creating effective alternatives to traditional financial models.
Dr. Dr. Farmer presented the AppBank platform, a model that leverages artificial intelligence technologies to provide ethical, customer-centric banking services. He emphasized the importance of transparency and sustainability in achieving true financial inclusion. He also addressed the significant role of financial innovations in empowering small and medium-sized economic sectors, which represent a fundamental pillar of the economy in most countries.
Dr. Farmer noted that 1.5 billion people around the world still lack access to formal financial services, underscoring the importance of digital and responsible solutions to achieve economic and social equality. He explained that the future of the banking sector lies in embracing advanced technology and emphasizing customer-centric innovations.
In concluding his speech, Dr. Mohamed Farmer called for adopting a shared global vision for responsible finance, emphasizing that implementing this vision will positively impact economic and social development and pave the way for a more just and sustainable financial and economic future in the region and the world.
