Head of the central bank emphasized that the knowledge of artificial intelligence should be developed in the country’s payment system
According to the IDEA, This morning, the 10th annual conference of electronic banking and payment systems was opened with the slogan of transition to smart banking. Mohammad reza Farzin, the head of the Central Bank, announced at the opening ceremony of this event that the smartness of the banking system can solve many damage of the payment systems.
Farzin emphasized on three topics: “Review of the actions of the Central Bank”, “Investigation of the problems of the Central Bank” and “A pathological look at the payment systems”. He also mentioned the category of artificial intelligence and said: “Artificial intelligence should be able to help us in the discussion of governance and become an insight. We must develop the knowledge of artificial intelligence in the payment system of the country.”
According to him, the use of artificial intelligence is currently seven percent in the payment system, and Farzin emphasizes that this number should be more than doubled.
The head of the Central Bank considered measures such as the 97% electronic payment statistics of the country, the measures taken for checks and also the issue of electronic identity authentication as positive points of the country’s banking system: “Currently, the number of check prisoners has gone from one person per day to one person every three days. it is arrived.”
From Farzin’s point of view, the separation of business account from personal account is another good thing that has happened in the country’s banking system, which helps to monitor money laundering.
Farzin, however, did not ignore the problems of the central bank and said about these problems: “We have many problems in the banking system that have kept us away from a desirable central bank. One of our most important issues and problems is supervision and regulation in the central bank, with artificial intelligence we can move towards smart regulation.
He believes that the central bank should be able to monitor “money” and “currency” in the country because these goods are a public good, and with this work, rial governance can be done. Farzin believes that many regulations have been formulated in the field of supervision and monitoring, but the necessary mastery of these regulations does not necessarily exist.
The head of the Central Bank considered the production of information statistics as another harm and said: “Different institutions publish macroeconomic data, and this data should provide a tool for policy making and future forecasting to prevent the crisis.” However, the available statistics and information do not help us. We have to ask why? The reason is that these statistics are not updated and are not useful.
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