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Draft electronic banking collides with the prevailing banking laws

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Draft electronic banking collides with the prevailing banking laws

Post by Hkp1 on Mon 13 May 2013, 4:38 pm


Draft electronic banking collides with the prevailing banking laws

Baghdad Adel saffar

Finance Committee proposed project House e-banks to add new technology
to the country's banking system to facilitate dealings with citizens,
experts and officials said the project could provide banking facilities
and play a positive role in the lives of citizens through the speed of
the proceedings.

The official said the Ministry of finance the
Crescent "altaian draft Internet banking facilities is a cultural
phenomenon whose importance lies in the ease that gets State banks in
cases of obtaining loans to employees, as a percent of salary.

speaking of altaian said "this project relies on the Bank by giving the
sequence of names according to priority of access, and then be
distributed to subsidiary banks to facilitate the task of the receipt.

the private banks Association Chairman Abdul Aziz Hassoun that "current
legal applications may hinder implementation of such services.

said in an interview for this project is ambitious: we wish to achieve.
But its application at present may be premature in Iraq, on the subject
of documentation and must be validated by the prevailing in our
dealings. So we cannot apply or these services in Iraqi banks.

goldfinch "most banking systems used by private banks to provide such
services is currently an obstacle to legal applications applied in State

There are other means can be adopted, and directly work
with years ago through the optimal use of existing banking tools that
come on the payments section on the Iraqi Central Bank cards (card) to
pay funds directly through mutual accounts between banks with accuracy,
speed and security.

Member of the Finance Committee in the House
of Ahmed Faiz suggested days before electronic banking project to add
new technology to the Iraqi banking system to facilitate banking
transactions for citizens.

In an interview, he said: the draft
term disciple electronic banking is one of the successful projects are
developed and through banking transactions, such as savings and open
financial accounts through computers and mobile phone via the Internet.

added: this modern technology operate most developed world countries,
such as America, Britain, Japan and others, to facilitate banking and
accelerate delivery, in addition to encouraging citizens to deal with
local banks to deposit their money.

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