Baghdad – IA – Wissam Al-Mulla
Today, Wednesday, the Iraqi Private Banks Association praised the government’s interest in digital transformation in all institutional joints, while Huawei confirmed that it provides technology services to telecommunications and digital security companies.
The Executive Director of the Association, Ali Tariq, told the (INA): “There is a government interest in digital transformation in all institutional joints, one of which is the banking and financial sector, which is one of the basics of digital transformation in services, whether governmental or provided through the private sector.”
Tariq added, “The development of the private sector and financial institutions in terms of digital transformation and the adoption of information technology will be a fundamental issue for the overall change in digital transformation in Iraq.”
He continued, “The association brought together banks and financial institutions in Iraq in cooperation with Huawei to see what is happening in the world in terms of transformations in financial services that provide modern methods of banking and financial services. Therefore, the banking and financial sector must keep pace with these developments and adopt the latest global technology to keep pace with what exists outside Iraq.” .
Tariq noted that “the banking sector is one of the sectors that react quickly with regard to adopting technology because many services are provided through mobile applications, banking applications, or adopting financial and banking services remotely, and this is in the interest of the financial sector to provide an easy service to the citizen.”
He added, “We are now in the first educational phase to spread awareness to the banking sector about existing technologies, and the next phase will be a phase of cooperation to build technical infrastructure and better technical financial services.”
In turn, William Shi, General Manager of Sales for the Enterprise Business Division at Huawei Middle East and California, told the (INA): “We have been working in Iraq for 20 years in the field of technology and we have approximately a thousand employees.”
Shi added, “In Iraq, we officially entered the banking sector and provided many technological services to telecommunications and digital security companies.”
He pointed out that “we provided scholarships to five thousand university students, and the company continued to work in Iraq during the Corona pandemic despite the suspension of many telecommunications companies.”