Chief Executive of Bank Melli Iran (BMI) Abolfazl Najjarzadeh said that special investment in the field of Artificial Intelligence (AI) is the key factor for the transformation and development of the bank.
Speaking in his visit to SADAD Informatics Corporation (Holding), he emphasized the need for special investment in the field of Artificial Intelligence (AI) to promote the status of Bank Melli Iran and transform the banking industry.
The visit was also attended by Member of the Board of Directors of Bank Melli Iran Mohammad Najafzadeh and Executive Board Member and Deputy Head of Information Technology and Communication Network Hamidreza Mokhtarian.
Najjarzadeh considered provision of the necessary platforms for taking advantage of the new technologies “essential” and added, “We have no solution other than investing in this field i.e. Artificial Intelligence.”
Need to Invest in New Technologies for Global Competitiveness
Elsewhere in his remarks, CEO of Bank Melli Iran Abolfazl Najjarzadeh stated that Bank Melli Iran must move towards using new technologies, especially artificial intelligence to maintain its position in the international arena.
Turning to the vital role of SADAD Informatics Corporation, he said, “As a pioneer in the field of digital technologies, this corporation must provide the necessary infrastructure for the transformation of the banking industry.”
These investments are essential both for Bank Melli Iran (BMI) and transformation of the whole banking industry of the country, he said, adding, “We must move quickly in this path and use the global experiences.”
Importance of Transparency and a New Outlook in Banking Structure
The CEO of Bank Melli Iran emphasized the importance of transparency in internal processes and need to employ modern structures in providing services, adding that SADAD Informatics Corporation must identify customers’ needs using scientific and data-based approaches and move towards providing technological solutions.
Instead of traditional approaches, “We must make special investments in the technology sector with a focus on future. This is the only way to progress and be competitive in the global markets.”
Najjarzadeh pointed to the importance of strengthening cooperation between Bank Melli Iran (BMI) and technology companies, stating, “To succeed in this field, we must move forward in tandem with the global developments and take advantage of the domestic capacities as well.”
Necessity of SADAD Informatics Corporation’s Independence to Align with Global Developments
At the other part of his speech, Abolfazl Najjarzadeh stressed the need to strengthen the position of the corporation as the driving force in the digital transformation of the country’s banking industry.
SADAD Informatics Corporation should become a leading center for innovation and technological transformation, he underlined.
The chief executive of Bank Melli Iran emphasized that independence of…
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