The vice president of new technologies of the central bank believes that the banking system in Iran is not behind the world in many topics; But in the field of validation, it has not been able to keep up with the world. He says a new method of validation will be used
According to the IDEA, In the 10th annual conference of electronic banking and payment systems, Mehran Moharamian, vice president of new technologies of the central bank, gave a presentation on the growth of financial technologies in different countries and said that almost all countries in the world are on the path of growth in the field of financial technologies.
One of the sectors that we have paid attention to in Iran is the regulatory debate and technologies related to central banking.
Moharamian continued: The work of regulators is very complicated because they cannot pay attention to only one dimension and include a wide range of stakeholders. We are not behind many countries in the world in terms of technologies. For example, we are not in a bad situation in the field of data and infrastructure, and wherever we talk about smartness, data-oriented banking must have happened before that, and we are happy that we are not behind in this field.
The central bank has also taken measures in the field of artificial intelligence in banking processes, but now we are especially focused on validation because we have not moved in step with the world in this field. But with the new validation method, the coverage rate will reach 30% to 100% and the accuracy rate will reach 88%.
He continued paying attention to the needs of open banking, fintechs and reforming the fee system and wallet development as another part of the central bank’s activities and said: “Pol Pay” is a wallet that we are developing and in the field of reforming the fee system as well. We have implemented two phases.
Moharamian further pointed to the digital experience of customers in smart banking and said: People are the main focus of banking services and if people are not satisfied with our services, it means we have not done anything, and digitalization and smartening of banking services is one of the solutions that leads to user satisfaction.
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