Digital innovation in banking sector driving AI, cloud computing growth

Doha, Qatar: Banks in Qatar are embracing digital transformation as digitalisation and innovative technologies are creating unprecedented disruption i...

Doha, Qatar: Banks in Qatar are embracing digital transformation as digitalisation and innovative technologies are creating unprecedented disruption in the banking sector.

In an interview with The Peninsula, Carlos Teixeira, Global Head, Business Strategy, Lending at Finastra discussed how digital innovation in the banking industry is driving growth and opportunities in AI, cloud computing and emerging technologies.  

Commenting about the banking and finance outlook of Qatar and the region’s economic growth and priorities for future, Teixeira noted that Qatar’s financial sector is entering a new phase of strategic maturity. What’s notable is not just the growth, but the deliberate alignment with national priorities. The Qatar Central Bank’s recent regulatory framework for digital banks is a clear signal: the future of finance here will be digital, inclusive, and innovation led.

Banks are investing in cloud, AI, and ecosystems—not as pilots, but as core components of their long-term operating models. This is being done with resilience in mind, ensuring institutions remain robust amid global uncertainty while also flexible enough to meet evolving customer and market demands.

The role of financial services in supporting SMEs, trade, and infrastructure development continues to expand, and with regional economic integration growing, Qatar is well-positioned to act as a key node in the broader GCC financial network. The direction is clear. This is about building a next-generation financial ecosystem that serves both economic ambition and social progress, he added.