JULYASIA BUSINESS OUTLOOK9NEWSROOMNIPPON STEEL & SUMITOMO RENEW AGREEMENT WITH EQUINOR TO SUPPLY PIPESThe banking, financial services, and insurance (BFSI) sector in Mumbai is currently undergoing a profound transformation, fueled by rapid technological advan- cements and a significant increase in digital adop- tion. Emphasizing a strong commitment to digi- talization, key stakeholders in Mumbai are cham- pioning initiatives akin to advancements in digital payments and the establishment of the Digital Ban- king Transformation Office. These efforts are pro- pelling the BFSI landscape forward, fostering inno- vation and paving the way for sustained growth and competitiveness in the region.The summit serves as a strategic platform to delve into critical themes shaping the future of finance, such as digital payments innovation, cybersecurity resilience, AI and machine learning integration, cloud computing strategies, and enhancing customer experiences in digital banking. Participants can expect insightful discussions, keynote addresses from industry experts, and ample networking opportunities aimed at fostering collaboration and driving digital transformation in Mumbai's BFSI ecosystem.Aligned with global trends and local imperatives, the summit aims to propel Mumbai's BFSI sector towards greater efficiency, resilience, and customer-centricity. It promises to be a catalyst for innovation, offering attendees a unique chance to explore emerging technologies, share best practices, and chart a course towards sustainable growth in the dynamic landscape of banking, financial services, and insurance. Japan's biggest steelmaker, Nippon Steel, and trading house Sumitomo Corp added that they have renewed a long-term agreement with Norway's Equinor to supply steel pipes for nine years. The pipes will be utilized in oil and gas advancement as well as carbon capture storage (CCS) in Norway and different areas. Over the last 35 years, Japanese organizations have been giving funneling items, known as oil country tubular goods (OCTG), to the Norwegian energy organization for oil and gas production.Nippon Steel and Sumitomo plan to additionally grow their long-term partnership with Equinor in the energy area, as per separate explanations from both Japanese organizations. The move follows Nippon Steel and Sumitomo getting orders from QatarEnergy in June for high-combination seamless pipes to be utilized for CCS.Nippon Steel Corporation is Japan's biggest steelmaker, settled in Chiyoda-ku, Tokyo. The organization has four business sections, including steelmaking, engineering, chemicals, and system solutions. It is the biggest maker of crude steel in Japan and the third biggest worldwideSumitomo Corporation is one of the biggest overall sg shsha general exchanging organizations, and is a broadened company. The organization was consolidated in 1919 and is a member firm of the Sumitomo Group. MUMBAI'S BFSI SECTOR GEARS UP FOR TRANSFORMATION AT THE 24TH EDITION OF BFSI IT SUMMITJULYASIA BUSINESS OUTLOOK9
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