Central Bank Holds Seminar on

As part of the technological developments taking place in the world in the field of information technology, the Central Bank of Iraq held a specialized seminar in the field of "FinTech & Blockchain" and the definition of these techniques and mechanisms of work and how to use.  It is worth mentioning that these technologies are modern and now being applied in advanced countries, there for the bank is keen to develop its technology by keeping pace with modern international systems.
 

"FinTech" is generally a technological invention that has been used in financial services to complete financial transactions, whether it is payment, transfer, borrowing, insurance or securities. These innovations have been used to develop new technologies that compete with traditional financial markets.
 

"Blockchain" is a modern technology in advanced information technology in simple terms. "Blockchain" is a database or a new method of data management. It has the ability to manage lists and records (blocks) continuously, so it can maintain the information and data stored smoothly and security.