Governor of the Central Bank of Syria: Ready to Adopt the Latest Financial Technology and E-Services
Amman2 min read
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The Governor of the Central Bank of Syria, Muhammad Raslan, confirmed that the Syrian market is fully prepared to adopt modern electronic banking services, emphasizing that achieving stability in the banking sector and embracing innovation are complementary goals that do not conflict in any way.
Raslan explained, during his speech at the "Jordan Financial Technology Festival", that innovation and the localization of modern financial technologies are key tools that contribute to enhancing the ability of the Central Bank and regulatory bodies to control markets and achieve comprehensive financial discipline.
Raslan pointed out that the Syrian banking sector faces an urgent need to implement digital solutions, especially in light of the broad changes in customer behaviors and expectations over recent years. He explained that the return of many cadres and citizens from abroad with new experiences and aspirations towards banking services imposes on the local market to keep up with these developments to overcome the technical stagnation that the sector has witnessed over the past ten to fifteen years.
- Supervision and the Rule of Law
He stressed that the digital transformation and the expansion of electronic services will play a pivotal role in supporting the efforts of the Central Bank of Syria to effectively fulfill its supervisory role and better implement legal and regulatory frameworks.
He concluded his speech by affirming that financial innovation is not just a luxury option, but a fundamental pillar for building a robust banking sector capable of achieving stability and the rule of law in all financial transactions.
