Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development

by **claud39** Thu May 06, 2021 8:58 pm

Organized by Global Frontier Exchange

May 5, 2021

Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development Safe_image.php?d=AQExS_CwfrVzPN2k&w=500&h=261&url=https%3A%2F%2Fwww.mustaqila.com%2Fwp-content%2Fuploads%2F%3Fi%3D%2F2021%2F05%2FWhatsApp-Image-2021-05-05-at-9.33.12-PM

Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development Safe_image.php?d=AQExS_CwfrVzPN2k&w=500&h=261&url=https%3A%2F%2Fwww.mustaqila.com%2Fwp-content%2Fuploads%2F%3Fi%3D%2F2021%2F05%2FWhatsApp-Image-2021-05-05-at-9.33.12-PM

The Independent / - The Iraqi Digital Transformation Summit dealt with the prospects for digitization and the transition towards electronic transactions and automation, and the role of governance in the development that the country seeks. For the Iraqi economy.

The conference, organized by Frontier Exchange, with wide global and local participation, shed light on the available opportunities and challenges, in order to advance the reality of digitization and electronic transactions in the country.

The Chairman of the Board of Directors of the Development Bank, Ziyad Khalaf, said: Humanity is now living in the fourth industrial revolution, which is the Digital Revolution, which is an objective maturity and an extension of the third industrial revolution, which is the Information Revolution that we have witnessed at the end of the last century. A strategy related to building the information and communication technology sector that includes a number of basic goals and objectives corresponding to the goals of the World Summit on the Information Society, aiming to open investment horizons, most notably investment in the telecommunications and information technology sector in order to make the center of Iraq within the technologically advanced countries, which will open new investment doors that enhance Economy, financial returns, and great job opportunities for Iraqi youth.

He pointed out that the Central Bank of Iraq launched the "digital enrollment service", which is the first of its kind in Iraq, which is an integrated digital financial system that promotes independence and financial liberation from traditional financial systems, as it works to transform Iraq into a country that is less dependent on cash, which enables the state to bypass bureaucracy. In financial transactions within the operating banks in Iraq.

Khalaf added, "Our sponsorship of this conference confirms our interest in the issue of digital transformation, and our keenness to continue investing in infrastructure and database, applying the latest existing technologies, providing banking services on a large scale and investing in human capital for a better future for our future generations."

We are certain that digital transformation is the prevailing trend to achieve national integration, and it has been proven that we have three areas and outlets that are used in various fields, namely the land, the sea and the air. Therefore, Iraq has to consider the cyberspace as its fourth field because of its effective and clear impact. In leading national tasks such as economic development, trade, transactions, social, medical and health interactions, government operations, and national security.

He said: Iraq has adopted the National Cybersecurity Strategy to provide strategic measures and procedures to ensure the security and protection of the Iraqi presence in cyberspace, protect the digital infrastructure, and build and nurture a safe and reliable internet community, as this strategy consists of several supportive short, medium and long-term plans.

In turn, the representative of the organizing company Frontier Exchange, Ahmed Al-Jader, said: This event comes in an important exchange and coincides with the directives of the Iraqi government aiming to transform into a comprehensive electronic system in all state institutions, where the conference will discuss the possibility of applying automation processes in ministries, government institutions and their affiliated branches, and other related topics In digital transformation and e-government.

He added that this virtual summit contributes to converging views between life makers from the Iraqi government and local and foreign companies working in the field of information technology, automation and integrated technological solutions in addition to electronic payment companies, as our company owns a large database of many local and foreign companies working in this field.

As for the Managing Director of the Arab Company for Electronic Payment, Haider Al-Obeidi, he stressed that the direct cooperation between the Central Bank of Iraq and the providers of electronic lift services has contributed to the consolidation of the infrastructure for electronic payment, in terms of the database, governance rules and instructions, and local and international compliance.

He pointed out that the companies licensed by the Central Bank, Visa and MasterCard, and the two workers were able to support most banks in issuing international cards and portraying the reality of electronic payment services.

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by **claud39** Sat May 08, 2021 7:17 pm

[size=36][rtl]Minister of Finance: We are heading towards establishing an integrated digital bank[/rtl][/size]

Saturday May 08, 2021

Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development Alsabaah-76904

Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development Alsabaah-76904

Baghdad: Hussein Thahab

The Iraqi Digital Transformation Summit focused on moving towards electronic transactions and automation and the role of governance in sustainable development that the country seeks, as the summit and local and international institutions participating in it focused on the imperative of cooperation between the central government and the banking sector, in order to move towards a new, more sophisticated phase in dealing.

And the delivery of benefit to all segments of society. The conference, organized by Frontier Exchange, with wide global and local participation, shed light on the available opportunities and challenges, in order to advance the reality of digitization and electronic transactions in Iraq.

Minister of Finance Ali Allawi stated that «the transition of Iraq to the digital age is one of the most important priorities of the government», pointing out that «the transfer of the national economy to the digital age requires skills and a great effort on the part of the government and the private sector, in order to achieve this qualitative leap, which is based on strengthening Digital infrastructure, and this requires investments in the telecommunications sector and digital work, to lift the Iraqi economy from focusing on narrow sectors to a wider stage.

Allawi revealed that «the Ministry of Finance directed to convert a small government bank into a fully digital bank, in addition to adopting important projects in government banks to start diversifying digital capabilities.

As for a member of the British House of Lords, Baroness Emma Nicholson, she described this summit as a mission at a time when the world is heading to expand in the field of digital economy, which is an important transition in the management of global economies, stressing "the necessity of benefiting from this experience."

Product development

For his part, Central Bank Governor Mustafa Ghaleb said: “The development of modern financial channels and means of communication via the Internet contributed to the development of the products provided by the financial and banking sector and their ease of access to individual and institutional beneficiaries.”

Ghalib pointed out that “owning a digital financial system is a fundamental pillar in building an advanced financial sector that supports sustainable development trends,” indicating that “Iraq has the necessary infrastructure to develop digital services by launching initiatives that encourage the banking system to deploy ATM machines and use applications. Digital, as well as implementing projects that contribute to the application of electronic governance.

He pointed out, "Signing a memorandum of understanding with Master Card to implement the project to digitize education in Iraq, and that it is in the stage of orientation towards developing these services in cooperation with international organizations."

Chairman of the Board of Directors of the Development Bank, Dr. Ziad Khalaf said: “Humanity is now living in the fourth industrial revolution, which is the digital revolution, which is an objective maturity and an extension of the third industrial revolution, which is the informatics revolution that we have witnessed at the end of the last century.

He continued, "Iraq adopted the" DOM 2025 "vision in 2018, and developed a strategy related to it to build the information and communication technology sector, which includes a number of basic goals and objectives consistent with the goals of the World Summit on the Information Society, aiming to open investment horizons, the most prominent of which is investment in the communications and information technology sector.

He added that «the central bank launched the« digital enrollment service », which is the first of its kind in Iraq, which is an integrated digital financial system that enhances financial independence and freedom from traditional financial systems, as it works to transform Iraq into a country less dependent on cash, which enables the state to bypass bureaucracy. In financial dealings within banks operating in Iraq ».

In turn, the representative of the company organizing the conference, Ahmad Al-Jader, explained that “Iraq's need for such international conferences is a necessity in light of the widespread demand to adopt advanced technologies that contribute to shortening time and effort in order to reach the stages of sustainable development,” indicating that “the shift towards transactions Digital and governance are greatly undermining corruption. ”

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