Banking will come to the aid of insurance companies
According to the financial news report, quoted by Hibna, in this meeting, Mazdak Alimaddi, CEO of Navaco Information Technology Company, said: Navaco and Maskan Bank understand the new needs of the country’s financial ecosystem in order to provide progressive services to the actors of this ecosystem such as insurance companies, exchanges , leasing, etc. has started serious considerations.
He added: One of these measures will be providing open banking services to insurance companies and it will be discussed in this meeting.
Referring to the introduction of technology into the banking system, Gholamreza Pourfarhadi, vice president of software development at Navaco, said: Over time, bankers tried to use modern technologies to attract customers and take advantage of its benefits.
Pointing out that providing services without time and place restrictions has become the priority of banks, he said: Therefore, banks have moved from electronic banking to digital banking and now to open banking.
Porfarhadi added: Open banking can help insurance companies.
Parviz Vakili, product manager of Navaco Information Technology Company, also said in this meeting: new needs of customers caused the formation of new financial ecosystems.
He continued: The government should take effective measures from the past years, for example, in 2018, the document on future banking and digital transformation was published by the deputy of banking, insurance and state-owned companies of the Ministry of Economic Affairs and Finance.
Vakili added: According to their progressive needs, insurance companies needed services from other ecosystems such as banks. Therefore, with the support of Maskan Bank, Nawako Company decided to provide classic payment and receipt services along with combined services in this area to the insurers, as well as diversification of receipt and payment channels as well as the type of payment on the agenda. and invited insurance companies to contact Navaco.
Meisham Asgari, the CEO of Samanegar Hami Bimah (Sanhab) was another guest of the meeting who, in response to the question of how open banking will change the insurance industry, said: Until now, related companies have not been able to play a role as they should, and now that The space is being prepared for a good collaboration between the open banking ecosystem and the insurance ecosystem.
He added: In this regard, Central Insurance has taken positive measures in interaction with other institutions, which will enable the definition of more digital systems, which will ultimately give the end user a pleasant experience.
CEO of Sanhab said: For example, currently the best existing systems have the integration of inquiries, and there will be a lot of room for improvement in other areas.
Asgari continued: This approach of Maskan Bank and Navako Information Technology Company in playing a role in the classic and modern areas of receiving and paying as a driver and enabler of the insurance industry in this area will be very positive.
Farid Ahmadi, a member of the board of directors of Mako Free Zone Development and Investment Company, referring to his extensive experience in dealing with end users, said: “There is a suitable space for improving the user experience.”
He continued: In the free zones, special and diverse insurances are carried out, and it is going on that the approach of Navaco company in providing financial and open banking services can bring good things. Therefore, the logic of free Mako is to prepare for a pilot cooperation between banking and insurance services of Navaco company. and there is a memorandum of understanding in this regard.