CBI: Focus on Improving Supervision Technology

“The plan for promoting electronic banking and remote service started three decades ago at the central bank. Over the years banks adopted electronic systems and in the 2000s the focus was on linking banks.

That was successful with the establishment of Shetab Network, Satna and Paya networks. In the third phase the CBI managed to institutionalize the use of electronic tools for transferring money, making payments and using banking services remotely,” Mehran Mahramian, the CBI deputy for innovative technologies was quoted as saying by IBENA.