FinTech as a Disruptive Technology for Financial Institutions

FinTech as a Disruptive Technology for Financial Institutions

Abdul Rafay is a practitioner cum academician. For more than 25 years, Mr. Rafay has been working as a freelance advisor, consultant & trainer to a wide variety of public & private sector national and multinational companies in the areas of Corporate Finance, Financial Policy & Implementation, Auditing & Assurance, Accountancy, Corporate Tax Management, Financial Technology, and System Consultancy. He has been providing consultancy to various industries including Textile, Auto Assembling, Footwear, Industrial/Agro Chemicals, Ice Cream/Dairies, Glass/Ceramics, Healthcare, Mining/Natural Resources, Packaging/Paper Sacking, Steel/Pipe Casting, Rice Processing, Brokerage/Co-operative Financing, Software Development, Real Estate, Printing/Publishing, and Construction/Civil Engineering, etc. Mr. Rafay is a Fellow member of the Institute of Chartered Accountants of Pakistan. He is also a member of various national and international professional bodies including the Institute of Internal Auditors (IIA), USA; Association of Certified Fraud Examiners (ACFE), USA. Since 2001, he has been a lifetime member of the Lahore Tax Bar Association. He has served as Co-regional Director (Founding) of the Lahore-Islamabad Chapter of the Professional Risk Managers International Association (PRMIA), Washington, USA (2011-2013). In 2012, he was nominated as a Member: of the Education & Training Committee (ETCOM) of The Institute of Chartered Accountants of Pakistan (ICAP). He is also a member of ICAP’s “Islamic Finance working group” which is closely in liaison with the State Bank of Pakistan and other stakeholders for Islamic Finance Accounting and Auditing Standards. He is an Alumnus of the Rausing Executive Development Center (REDC), Lahore University of Management Sciences (LUMS), Pakistan. In 2014, the International Finance Corporation (World Bank Group) selected him for Training of Trainers (ToT) for Corporate Governance Action Planning for SMEs. He is also an approved trainer for the Institute of Financial Markets of Pakistan (IFMP) established by the Securities and Exchange Commission of Pakistan (SECP), the corporate regulator. In 2013, his name was included in the “Certified Directors” list as per Clause (xi) of The Code of Corporate Governance 2012 issued by SECP. Currently, he is on the board of a Listed Company as an Independent Director. For the last 27 years, Mr. Rafay has also been associated with teaching in some of the top business schools in Pakistan. His specialized subjects of interest include Strategic Corporate Finance, Financial Crimes, Financial Derivatives, Investments/Portfolio Analysis, International Financial Reporting Standards, Corporate Restructuring (Mergers & Acquisitions), Financial Statement Analysis & Corporate Taxation. He also served as an instructor at the Civil Services Academy, Pakistan to train the CSS Officers selected by the Federal Public Service Commission of Pakistan (FPSC). Currently, he is a Professor of Finance & Accounting at the University of Management & Technology, Pakistan. He has published over two dozen research papers in SSCI, ESCI, and Scopus-indexed journals by reputed global publishers including Emerald, Sage, Taylor & Francis, and IGI Global. He contributed multiple chapters in Books edited by International Editors. For many years, he authored/edited multiple international books on FinTech, Islamic Finance, Financial Crimes, Money Laundering, Terrorism Financing, Energy Finance, and Environmental Finance published by IGI Global, USA.