An Overview Iranian Banks’ Tech Priorities

Iran’s banking sector, for a variety of reasons, has failed to keep up with the rapid pace of technological advancement in most countries since early 2000. However, lenders have resorted to some new approaches towards banking and financial technologies in their quest for not being left too far behind. But much more needs to be done.
Experts and financiers normally ask: What aspects of financial technologies need to be prioritized by bankers in the short term?
Way2Pay, a local media focused on payment and e-banking sectors, has recently talked to well-known experts asking their opinion about the foremost technological needs of the lethargic banking system. The responses include a wide range of technological innovations; however, open banking, RegTech, and intelligent solutions were the areas experts believe that must be addressed sooner rather than later.