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Financial Expert: Advanced Technology Is Necessary To Develop The Banking System
July 29, 2020
(Independent) .. An expert in the financial affairs, Wehbe Al-Khaffaf, stressed the importance of advanced systems in raising the efficiency of the banking system and enabling it to deal with the large numbers required by the Iraqi economy’s driver during the coming period.
Al-Khaffaf said that adopting advanced technology and following up on the latest developments in the global financial sector is necessary to enhance financial products with the new that suits the reality of the family’s situation.
He pointed out that Iraq has a good banking system and is expanding in an organized manner and under the supervision of the Central Bank of Iraq, which directs banks in a direction that serves the sustainable development process required by the development stage.
He pointed out that many banks are continuously looking to enhance their technological capabilities, including the International Islamic Trust Bank, which adopts a plan to develop its systems and what suits global developments and directives of the Central.
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