Azerbaijan, Baku / corr Trend I.Khalilova / The National Bank of Azerbaijan (NBA) plans to carry out an audit of all information systems applied to the banking sector of the country, Ali Ahmdaov, the Director of the Information Technologies Department of KapitalBank said on 4 September.
'The banks, which work on the basis of software taken from the internet, will have problems, because it is not right to keep clientele accounts and money transfers without having program support systems in place," Ahmadov said.
Kapital Bank was one of first banks in CIS to use FlexCube software, supplied by the Indian company I-flex, within the framework of the World Bank loan. "Following the improvement of information technologies, the costs of the bank [in the process of privatization] also increased," a Kapital Bank official said.
He said that the bank has received appeals from big companies for consultations on the use of information technologies. Along with the installation of servers under the contract with I-flex, Kapital Bank also purchased a license for application of 16 Oracle processors. So far, 22 of 89 branches of the banks functioning in the Absheron region have joined the head office and 46 branches have established online contact.