3rd Edition Credit & Collections Summit Middle East – Oman is the First and Only Large-Scale Conference & Exhibition bringing together 600+ top Industry experts from KSA, UAE, Oman, Kuwait, Qatar, Bahrain & Egypt to discuss the latest technology and digital transformation strategies to overcome challenges and empower organizations to be future-ready, strengthening operations, increasing productivity, and improving customer experience in the Debt & Loan Collections, Subscriptions & Renewals and Credit systems.
Join the talks and showcase your solution to the right pool of attendees in the Collections space and connect with most potential decision makers from top organizations from the MENA region.1000+ Attendees.
In the Middle East, debt collection is more complicated than anywhere else in the world (with Saudi Arabia and the UAE topping the charts for tough debt collection). This is down to several factors, such as antiquated payment terms, outdated court practices, and needlessly complicated insolvency regulations. Slow payment is a cultural norm and commercial practice: – Companies’ cash flows are impacted by usual long terms – Religious holidays slow down the economy of the entire region.
The Debt collections business is primed for even greater transformation in 2022 -23, which should come as no surprise. The latest modification to Reg F, lenders’ digital-first strategy to engage with consumers, and the improving economy are all going to make things more difficult for third-party collectors. Changes in customer behaviour and the termination of industry-specific moratoriums are exacerbating the situation.
Debt collections sector evolves, it is becoming increasingly ripe for transformation. The recent modifications to Regulation F, alongside lenders’ shift towards digital-first strategies for consumer engagement, signal a significant change in how collections are approached. Organizations are now tasked with adapting to new consumer behaviours and preferences, which have been exacerbated by the termination of industry-specific moratoriums. These shifts present both challenges and opportunities, pushing third-party collectors to rethink their strategies in an environment marked by heightened complexity.
At the summit, participants will delve into critical topics impacting the industry, exploring innovative technologies that can streamline operations and enhance efficiency. Expert speakers will provide insights on how to leverage data analytics and automation to improve customer interactions, ultimately leading to better recovery rates and enhanced customer satisfaction. The discussions will also address the regulatory landscape, equipping attendees with knowledge of compliance issues that are pivotal in navigating the debt collection process.
Networking opportunities abound at the summit, where professionals can connect with key decision-makers from leading organizations in the MENA region. With over 1,000 attendees expected, this event creates a unique environment for collaboration and idea-sharing, fostering partnerships that can drive growth and innovation in the collections space.
Moreover, the exhibition component of the summit allows solution providers to showcase their latest offerings, enabling attendees to discover cutting-edge tools and technologies designed to tackle the specific challenges faced in debt collection. This interactive experience facilitates direct engagement between exhibitors and potential clients, promoting the exchange of ideas and solutions that can help organizations optimize their processes.
In conclusion, the 3rd Edition Credit & Collections Summit Middle East in Oman represents a vital opportunity for industry professionals to come together and address the complexities of debt collection in the region. By focusing on technological advancements, regulatory compliance, and customer engagement strategies, the summit aims to empower organizations to be future-ready. Join us to engage in meaningful discussions, showcase your solutions, and connect with influential decision-makers in the MENA collections landscape. Together, we can drive transformation and success in this critical sector.
Event Description Received on Mail
