“Faraz” neo-bank will be unveiled in February

According to monetary financial news, quoting dynamic development, Farhad Inaloui, Deputy Minister of Technology of Iran Zamin Bank, announced the above: Bank Iran Zamin is the first digital bank in the country. The bank is fully prepared to provide the services required by the neo-bank to businesses that intend to set up this type of bank. Here is the point to note; The neo-bank should be created by the industry, not the bank. The neo-bank is moving from industry to banking, and we can provide the neo-bank infrastructure to the industry, which has made significant progress in this area.

The Deputy Minister of Information Technology of Iran Zamin Bank further said: The name of Iran Zamin Neobank is “Faraz”, which will be unveiled in early February. Companies that have a large number of customers have requested these services and we will provide them after the necessary checks. Bank Iran‌ Zamin has always sought to implement platform-based digital banking (Bank As A Platform (BAAP)) in order to meet the needs and demands of its customers, in the direction of digital transformation in the true sense of the word and based on these efforts, 160 The project was defined in this bank and turned into a 15 mega project. At present, Bank Iran has the land of “Faraz” project on its agenda and will unveil it in the coming weeks, and all customer-oriented enterprises can benefit from its services.

“Faraz has many sections, including Omni channel, boom, container, communication channels, digital call center, digital branch, digital customer club and other facilities, and can include all of these facilities,” Inaloui said. Provide to other applicants as well.

He added: “In order to authenticate in absentia, there were legal cases before that permits had to be obtained.” The central bank, as an observer, had to take actions that have already been taken, and the platforms have been prepared and localization has been done. In-person authentication is currently available and active in the mobile version of the bank.

In the end, Farhad Inaloui emphasized: The Central Bank is expected to act legally in this field and to do it easily with a coherent order in the system, regulation and supervision so that the banks do not have any problems in this field.