Home
The Central Bank of Iraq launches strategic projects to support digital transformation
December 24, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Al-Alaq, announced the
launch of strategic projects to support digital transformation in the country.
His Excellency the Governor affirmed in his speech during the fourth annual international scientific conference, which was entitled
(Digital Financial Services - Challenges of Reality and Foresight of the Future), that
“the Central Bank paid great attention to digital transformation as one of its goals within its third strategic plan for the years 2024 to 2026 to enhance work efficiency.” banking, improving financial performance and meeting customer needs in light of rapid technological development.” His Excellency noted that,
“The Central Bank has made great strides to support digital transformation by developing the technical infrastructure and issuing regulations and instructions that contribute to enhancing financial inclusion,” noting that
“it has begun launching strategic projects, including the instant payments project, local cards, and unified payment gateways, as well as issuing controls.” To license digital banks in Iraq, taking into account cybersecurity requirements and the risks associated with this transformation. His Excellency added,
"Cybersecurity represents one of the most important challenges facing us today.
Therefore, the Central Bank launched projects to enhance cybersecurity by developing the tools and systems of the Cybersecurity Management Center, and
adopting an advanced approach to enhance cybersecurity for the Central Bank and the banking sector." His Excellency stressed
"the Central Bank's commitment to continuing its efforts to achieve financial digital transformation and enhance innovation and sustainability in the financial sector."
Central Bank of Iraq
Media office
December 24, 2024
https://cbi.iq/news/view/2745
December 24, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Al-Alaq, announced the
launch of strategic projects to support digital transformation in the country.
His Excellency the Governor affirmed in his speech during the fourth annual international scientific conference, which was entitled
(Digital Financial Services - Challenges of Reality and Foresight of the Future), that
“the Central Bank paid great attention to digital transformation as one of its goals within its third strategic plan for the years 2024 to 2026 to enhance work efficiency.” banking, improving financial performance and meeting customer needs in light of rapid technological development.” His Excellency noted that,
“The Central Bank has made great strides to support digital transformation by developing the technical infrastructure and issuing regulations and instructions that contribute to enhancing financial inclusion,” noting that
“it has begun launching strategic projects, including the instant payments project, local cards, and unified payment gateways, as well as issuing controls.” To license digital banks in Iraq, taking into account cybersecurity requirements and the risks associated with this transformation. His Excellency added,
"Cybersecurity represents one of the most important challenges facing us today.
Therefore, the Central Bank launched projects to enhance cybersecurity by developing the tools and systems of the Cybersecurity Management Center, and
adopting an advanced approach to enhance cybersecurity for the Central Bank and the banking sector." His Excellency stressed
"the Central Bank's commitment to continuing its efforts to achieve financial digital transformation and enhance innovation and sustainability in the financial sector."
Central Bank of Iraq
Media office
December 24, 2024
https://cbi.iq/news/view/2745
