TAGITI Conducts Workshop for Banking Sector in Iraq

BAGHDAD – Talal Abu-Ghazaleh Information Technology International conducted an IT governance workshop for the banking sector in Iraq, highlighting the need for banks to adhere to international IT best practices.

The workshop was conducted as a result of a request from the Central Bank of Iraq, which is planning to implement an IT governance framework across the banking sector.

A detailed plan for the establishment of a country wide framework was presented, and how it can provide better assurance to authorities regarding banking IT systems.

Representatives from the League of Iraqi Banks also attended the workshop, in which the benefits of IT governance were discussed and how this aligns with the vision of the Iraqi Central Bank.

Mr. Berdj Vartanian said "The Iraqi Banking sector is at a stage where it needs to implement effective IT governance for banks to abide by. IT has now become the backbone of banking operations and it is therefore essential for regulatory bodies to attain assurance regarding the use of banking IT systems."

He went onto say "The workshops were attended by all major banks in Iraq, generating a lot of interest from participants regarding how IT can be effectively managed and controlled. We look forward to serving the Iraqi Banking sector to help it establish the needed IT governance framework."