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Economist: The banking sector has to respond very quickly to digital shifts

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Economist: The banking sector has to respond very quickly to digital shifts Empty Economist: The banking sector has to respond very quickly to digital shifts

Post by rocky on Wed 10 Jul 2019, 6:52 am

[size=35][size=35]Economist: The banking sector has to respond very quickly to digital shifts[/size]
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Economie

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2019-07-10 4:13
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[size=18]A member of the Board of Directors of the Iraqi Economic Council Baqir Mashat, the need to respond very quickly to the digital transformation by the banking sector.


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"Iraqi banks (government - private) in order to prosper, must respond quickly to the increasing transformations that the world is witnessing today and accelerate its digital transformation," Mashat said in a statement received by Alsumaria News.







 
"The Iraqi banking sector has undergone tremendous changes over the last decade, from meeting financial requirements to the proliferation of business models based on ecosystems and the emergence of devices, channels and new technologies," added Mashat.
 
"Taking advantage of digital technology to set regulatory processes and increase efficiency may increase the profit margin in the short term for banks," he said.
 
"The right digital transformation gives a lasting advantage by revolutionizing the customer experience at all points of digital banking."


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Economist: The banking sector has to respond very quickly to digital shifts Empty Mashat: Iraqi banking sector has to respond very quickly to digital transformations

Post by rocky on Wed 10 Jul 2019, 7:10 am

[size=30]Mashat: Iraqi banking sector has to respond very quickly to digital transformations

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Baghdad - Ali Karim

A member of the Board of Directors of the Iraqi Economic Council Baqir Mashat, "The digital transformation strengthens the banking sector inside Iraq." 
"The Iraqi (government-private) banks, in order to prosper, must respond quickly to the increasing transformations in the world today and accelerate their digital transformation," he said in a press release today. 
"The Iraqi banking sector has undergone tremendous changes over the past decade, from meeting financial requirements to the proliferation of ecosystem-based business models and the emergence of new devices, channels and technologies." 
He added that "the use of digital technology to develop regulatory processes and increase efficiency may increase Of the short-term profit margin of banks. "
"The right digital transformation gives a lasting advantage by revolutionizing the customer experience at all points of digital banking."



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