Online Privacy, Mobile Banking Issues Raised in Arabnet 2012

SolidPass CEO Selahaddin Karatas raised the issue of online privacy, user’s identity, security of passwords and mobile banking during the Arabnet summit 2012 held in Beirut Thursday.

On virtual banking, Raffy Karamian from Bank Audi highlighted the digital services provided by the bank, mainly the Novo technology. “40,000 banking operations and 19,000 video consultations have been conducted since the launch of Novo is citymall earlier this year,” he said.

Krystel Jaber, Head of Retail Communication at Blom Bank highlighted the bank’s experience on social media platforms, mainly, engagement with the fans and making them a part of the decision making process.

“Once banks adopt mobile banking, traditional operations will decrease by 55%,” Ubanquity Systems CEO Roy Zakka said.