The PMA Launches a Digital Project to Enhance the Integration of Modern Technology in the Banking Industry

The PMA has launched a new digital project to enhance the integration of financial technology in the banking industry in Palestine, making it easier for individuals and companies to conduct financial transactions remotely. This initiative aligns with its digital transformation strategy on one hand, and responds to the challenges imposed by current circumstances on the other hand.

This was achieved through the PMA's contracting with the companies 'Tiresias' and 'Uniken' with the aim of launching an enhanced infrastructure for technological development and digital transformation in the financial sector, ultimately providing a unified and reliable database through which customers can use modern technology to conduct all financial transactions, including remote account opening.

The PMA's Governor emphasized that the launch of the project represents a new phase of digital transformation and another step towards enhancing financial inclusion, including vulnerable groups and individuals with special needs, facilitating access to financial services in a safe and fast manner.

He indicated that the investment in digital transformation has proven its worth, allowing bank customers in the Gaza Strip to access their bank accounts despite the challenging war circumstances. The Governor emphasized that the establishment of a unified digital database is also part of the PMA's ambitious strategy to build and develop an advanced technological infrastructure that supports innovation and keeps pace with global developments. This initiative opens up opportunities for entrepreneurship and innovation for startups in the field of financial technology development.

The establishment of a unified database for bank customers and financial institutions, both current and future, is considered a pioneering idea in the Arab world, being the first of its kind in the region. This initiative enhances Palestine's position as a leader in digital transformation and the development of digital banks despite the increasing challenges facing the national economy.