Investment in Artificial Intelligence: A Vital Step for Bank Melli Iran’s Transformation
In a notable statement, Abolfazl Najjarzadeh, the Chief Executive of Bank Melli Iran (BMI), emphasized that investment in Artificial Intelligence (AI) is crucial for the bank’s growth and transformation. Speaking during his visit to SADAD Informatics Corporation, he highlighted the necessity for innovative technology to enhance the bank’s status and modernize the banking sector.
The visit saw the participation of notable figures including Mohammad Najafzadeh, a Member of the Board of Directors of BMI, and Hamidreza Mokhtarian, the Executive Board Member overseeing Information Technology and Communication Network.
The Role of AI in Global Competitiveness
Najjarzadeh remarked, ‘To maintain our position in the international arena, Bank Melli Iran must integrate new technologies, particularly artificial intelligence.’ He recognized SADAD Informatics Corporation’s role as a pioneer in digital technology and urged for the necessary infrastructure to be developed to support banking transformation.
Focus on Transparency and Modern Approaches
Highlighting the importance of transparency and modern banking structures, Najjarzadeh stated that SADAD must leverage scientific methods to understand customer needs better. He advocated for investments in future technology to remain competitive in global markets.
Strengthening Cooperation with Technology Firms
Further, he expressed the necessity for collaboration between Bank Melli Iran and technology firms, asserting that aligning with global advancements while utilizing domestic capabilities is essential for success in the digital transformation journey.
Necessity for Digital Transformation Leadership
Najjarzadeh urged SADAD Informatics Corporation to play a leading role in driving technological changes in the banking sector, emphasizing that independence and innovative investments in AI are critical for BMI’s competitive edge. He called for eliminating bureaucratic hurdles in their partnerships.
Remarks from Other Officials
Hamid-Reza Mokhtarian, the Deputy CEO for IT Affairs, reinforced the importance of SADAD as BMI’s executive arm in introducing new banking technologies. He acknowledged the need for ongoing innovation, cooperation, and agility to meet modern banking demands.
In conclusion, Hamed Dehghani, CEO of SADAD Informatics Corporation, echoed these sentiments by highlighting the necessity of refining infrastructures and utilizing existing capacities to meet Bank Melli Iran’s objectives effectively.
