Business news

MINSK, 18 October (BelTA) – The National Bank of the Republic of Belarus (NBRB) plans to set up an automated information system on the fulfillment of monetary obligations, Chairman of the NBRB Board Pavel Kallaur said at the opening of the 14^th international forum on banking information technologies BankIT’2017, BelTA has learned.

“The Belarusian central bank plans to set up an automated information system on the fulfillment of monetary obligations, which introduction will replace card files,” said Pavel Kallaur.

He added that the implementation of the initiative largely depends on the coordination of interests of the stakeholders.

The chairman of the NBRB board noted that the country’s international identification system opens up new opportunities for clients. “The client gets access to the services of any national bank, which promotes competition among banks and contributes to their readiness to introduce innovative products. The development of the system starts with the downloading of natural persons. The next stage is the downloading of legal entities,” he said.

Pavel Kallaur stressed that business in the age of digital transformations is a new reality in which Belarusian banks function today. “This reality is distinguished with its constant technological changes and permanent re-engineering of business processes,” he added.

The 14^th international forum on banking information technologies BankIT’2017 is taking place in Minsk on 18-20 October. The forum has gathered more than 1,500 managers and experts in the financial, IT and management sector from more than ten countries. The program of the forum will include 14 breakout sessions, including discussions featuring more than 60 speakers. A major block of themes comprises modern requirements to IT banking platforms, data management, digital cooperation with clients and the use of the block chain technology in the banking sector.

BankIT is the only specialized event in Eastern Europe that unites the top management of banks, IT companies and other business sectors, and also representatives of state stakeholders and experts in IT development. Since 2004 forum participants have been successfully cooperating in addressing top priority tasks, using efficiently the opportunities that are provided by the forum organizers. In 2011 the event was visited by more than 820 managers and experts in the financial, IT and management sectors. The number of participants exceeded 1,400 in 2016.