NETinfo and BML Istisharat successfully organized the event “Building the Bank of the Future”, which was held on Wednesday 15th of February 2023, at the DoubleTree by Hilton Yerevan City Centre hotel, in Armenia.

The aim of the conference was to bring together the banks of Armenia to discuss the approaches Armenian banks are taking to become the bank of the future and meet the needs of today’s consumers. The group of speakers were digital banking solutions experts, who shared insights of the latest global trends, opportunities and challenges, as well as presenting NETinfo’s and BML Istisharat’s digital banking solutions, which support any financial institution to be fully geared towards serving the client of the future.

The solution presented is a universal core banking system, which allows the bank to build their banking products, business rules, workflows, accounting, commissions & charges, and have a central customers’ information depository, and an omnichannel engagement hub addressing all the digital channels, users, and functionality. The seamless bundle between the offered core banking and digital channels allows any financial institution to implement a turnkey solution which will provide them with a fast go to market approach and full digitalisation capabilities. The solution delivers products and functionality for retail, SME, corporate, wealth management and insurance customers.

As explained by Mr. Polys Hadjikyriakos, Chief Sales Officer of NETinfo, “Even though the banking landscape in Armenia is moving towards the right direction, banks need to continue improving their services to keep up with their customer changing needs. That’s why business growth is achieved by banks that adapt an engagement banking model, focusing on a seamless and flexible end-user experience.

Mr. Raji Challita, General Manager of BML Istisharat, also added “There is a tremendous growth potential for those who will act strategically, to work towards building the bank of the future. Banks need to adapt to the new market dynamics which require them to embrace new ways of working, make critical core platform decisions and lock up the right partnerships.”

About NETinfo

NETinfo is a versatile and innovative technology company that has been enabling digital transformation strategies for banks and financial institutions since 2000. NETinfo’s flagship products, NETinfo Digital Banking Platform and NETinfo Mobile Financial Services (MFS), have successfully been part of the digital transformation process of banks and financial institutions, in more than 30 countries worldwide. NETinfo focuses on retail, corporate and private banking. We support banks and financial institutions of all sizes across all geographies, helping them to harness the latest technologies, and we fully embrace the needs of today’s digital consumers. Industry analysts recognise NETinfo as one of the global leaders for omnichannel design and delivery.

About BML Istisharat

BML Istisharat is a recognized global financial software vendor, providing solutions to the financial community over the course of more five decades and operating from Dubai, Paris, Beirut, Valetta and Erbil. Founded in 1972, BML is accumulating achievements, international recognitions and success stories towards its customers’ satisfactions in more than 35 countries across the globe.

Main activities: Developing, marketing and supporting its own financial applications software geared towards: Banks and Financial Institutions and Insurance Companies.

Vision: to be the Information System Technology and Digital Transformation Partner of choice for Real Sustainable Business Results.

ICBS is an internationally recognized Universal Core Banking Solution covering comprehensively Banks and Financial Institutions activities: Retail, Corporate, Investment and Private Banking.