Sun, 27 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian banks will undergo mandatory audit of invested IT

YEREVAN, March 25. /ARKA/.Armenian banks will undergo mandatory audit of IT, said Executive Director of Union of Banks of Armenia Seyran Sargsyan during the first meeting of representatives of IT sphere with banking sector “IT2business”.
If Armenian IT companies want to work actively and closely with the banks, their products should be in accordance with international standards, particularly security issues.

The banks investing modern technologies and such products as human resource management, management of assets and security of operation systems.

Today the main operation programs implemented in 15-16 Armenian banks are the developments of two local companies which have broad opportunities for the development of further cooperation in external markets.

“Expenses of the banks for IT products depend on the certain program product but, we can say, that the banks spend money for the investment of new technologies promoting the introduction of new products and services in banking system”, said Sargsyan.

Executive Director of Union of Information Technologies (UITE) Karen Vardanyan said that today significant part of Armenian IT companies provide products corresponding international standards and serve rather responsible companies on the international level.

“There are many IT companies in Armenia ready to provide high quality products to the banks and the service will be available, easy and closer to the client”, said Vardanyan.

IT2business is organized with the purpose of continuation of different practical technological solutions for economy sectors and introduction of Armenian technological innovations to local business.

In the meeting, technical solutions for banking sphere will be presented by the companies iCON Communications, GNC-Alfa, Norq, CQG IMA, Shirak Technologies/SAP, Apaga Technologies, FlexAp, McAfee, EpygiArm, ArmSoft, Lime Tech, CHS Vericell, Damaris, Smart Tech, Alfa/Polycom.

The meeting is conducted with the support of Union of Banks and Central Bank of Armenia. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img