Iraqi banks adopt modern digital solutions

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Iraqi banks adopt modern digital solutions

The governor of the critical bank of Iraq (CBI), Ali Al-Alaq, introduced on Tuesday the release of several strategic projects aimed at allowing Iraqi monetary institutions and banks to embody cutting-cuttingmodern virtual solutions.

In his speech at the fourth annual worldwide medical conference, entitled ‘digital monetary offerings – demanding situations of reality and Foresight of the destiny,’ Al-Alaq explained that the CBI’s method specializes in strengthening the banking industry’s virtual infrastructure and making certain the shipping of 5bf1289bdb38b4a57d54c435c7e4aa1c and safe services that fulfill customers’ growing needs.

Al-Alaq elaborated that the CBI released tasks to improve cybersecurity within the Iraqi banking quarter.

at some point of the conference prepared with the aid of the Ministry of Finance within the Iraqi capital, Baghdad, Undersecretary of the Finance Ministry Ribaz Hamdan stated that the ministry has made first-rate strides in digital transformation, such as cash transfers, electronic bills, on-line loans, and cell banking offerings.

those new services made monetary transactions greater efficient, eliminated the want for coins transactions, and are tailored for clients who couldn’t get wellknown banking services.