Keywords: The banking sector is the first beneficiary of technological developments in the world

17/07/2019

(Independent) .. The governor of the Central Bank of Iraq Ali Alalak: The banking sector will be led by the future information technology and will be the sector affected and the first beneficiary of technological changes and technologies.

Al-Alak said in a speech at the launch ceremony of the cash management center of the Iraqi National Bank, that speed today has become an important element in the administration. The banking sector is about speed, accuracy and diversity and is the most needed to use these developments. "The monetary mentality will lead the banking sector not only in Iraq, but in the world as a whole.

In 2006, five energy companies and one technology company were leading the world, while now five international technology companies are the months and only one energy company. The future in the banking sector depends on the use of technology and employment. The progress in any field is measured by technical and technological progress, whether in the banking sector or otherwise.

"We have been delayed by decades and we are able to catch up with the ability to absorb development. Young people have proven to be able to interact positively with the technological developments in the world.


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