Beirut hosts Iraq Banking Forum

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Beirut: Starting from the 15th of September, will host the activities of the Iraq Banking Forum, which takes place at the Hotel Phoenicia Lebanese capital with the participation of Iraqi and Lebanese banks in three sessions on banking and electronic payment as “mobile” in the area of e-​​banking.

Also participating in the forum is the monetary authority in the two countries, represented by the Governor of the Central Bank of Iraq Ali Ismail Allaq, the Governor of the Central Bank of Lebanon Riad Salameh and the participation of regulatory agencies and officials involved in all of the Iraqi Central Bank and the Bank of Lebanon.

The forum is organised by the Central Bank of Iraq and a group of Economics and Business experts in cooperation with the Central Bank of Lebanon, both from the banking sector and in particular the Lebanese banks operating in Iraq, and businessmen and investors who deal frequently with the Iraqi market in various sectors.

The agenda includes a discussion forum on banking in intensive working sessions, which will provide a presentation of the latest developments in the Iraqi economy as well as macro scale banking developments and plans of the Iraqi Central Bank to promote financial reality.

There will be private Lebanese banks experienced in operating in Iraq, trading in the views of these banks and the challenges they face, as well as opportunities in light of the orientations of the Iraqi government through the session banking system adoption. In addition to closed bilateral meetings between the governor of the Central Bank of Iraq and the executive heads of the Lebanese banks operating in Iraq.

The second day is devoted to three Iraqi banking sessions dealing with mobile banking and electronic payment, particularly after the approval of the banking system and the law of electronic signature by the Iraqi government, which provides ample opportunities for cooperation in the Iraqi-Lebanese field of electronic banking and the opportunities for IT companies which are active in the field of software solutions.

Complementing the discussions on the second day following the forum are works held over two days (17th and 18th of September); specialised workshops in the field of technology and information security issues of infrastructure for banks with the participation of Iraqi private banks and the Central Bank of Iraq.

Workshops include digital banking journey addresses, e-banking operations management, digital security and banking.

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