Middle East Banks have been lagging in their adoption of electronic channels, for a variety of reasons, but now that internet is taking hold there, online banking is a key component in their channels strategies.

e-Banking holds key to future growth of Mid East banking sector

The strategic approach for many of the region’s banks has always been to offer unique products and services that maintain their competitive edge, but in the technology driven global market, the participation of IT is absolutely essential.

Chief Information Officers (CIO) are now being empowered to develop new strategies regarding how technology runs daily transactions and employing solutions that will enable the individual banks to process them faster and more cost-effectively.