Electronic trading lead to keep pace with global developments

11/30/2015 0:00

 BAGHDAD - Imad Emirate
The application of e-banking strategies requires an infrastructure that is the basis for the actual application and keep up with the world in the development of banking operations, and in developing countries is the lack of such structures fundamental problem facing modern banking project with high costs. It is assumed to begin developing countries in terms of the developed countries is over and this is the biggest challenge we faced.

In this regard said d. Ahmed Sabih of Wasit University, said the use of information technology is a key factor in the classification of countries, which led to the emergence of the term digital divide or technology described as dynamic or moving.

E-Infrastructures The existence of an integrated banking systems for withdrawal, deposit, electronic payment cards along with online availability around the clock, and a comprehensive banking system for all local banks assure the safety of the conversion to and from abroad through control systems supervised by the central bank.

Sabih said in an interview for «morning» that developing countries when they reach a certain point in the use of technology developed countries have left it to another point to that described as the dynamics of the digital divide.

And between to electronic banks perform their banking services in the best way and overcome all the negatives that accompany the work has to be availability of infrastructure through which those banks which serve as bases for the work of mail which is to provide a broad network of all relevant actors and linked to the World Wide Web (Internet) according for foundations
Record is available.

He noted the importance that the insurance will be an integral part of the network design and not add them in the advanced stages of the cost increases. He said Sabih has to be put phased plan to begin the introduction of electronic banking services according to the priorities determined by the strategic plan at the level of the bank and the central bank and the location of the country in the political map and its alliances with countries.

And that is the involvement of all competent parties in the development of this plan.
And he stressed the importance of starting the implementation of the plan through the adoption of an exploratory projects controlled in its results until the outskirts of the interaction of society as a whole, and that these projects are associated with a training plan covering aspects needed by the human staff.

These projects are aimed at evaluating the procedures and the development of laws that provide electronic banking services on a large scale control. It's also closer to practical concepts common to the parties.

He called Sabih at the conclusion of his speech to prepare a plan for the training of human resources on an ongoing basis and in alignment with the rapid developments in the standard systems that provide connectivity and data exchange between those involved.

He pointed to the existence of many of the systems that determine the financial messaging templates and systems proposed standard insurance for the financial sector to be adopted and thus allow the possibility of connectivity and information exchange in the world
As a whole.

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