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State Minister for ICT and Digital Economy ,H.E Yeshurun Alemayehu (PhD) said Banks should focus on digital technologies.

A forum focused on digital banking organized by Temnos was held in Addis Ababa. At the forum, various Ethiopian banks presented their activities in the field of digital banking. State Minister  for ICT and Digital Economy of Ministry of Innovation and Technology H.E Yeshurun Alemayehu (PhD) said that in order to be competitive in the digital world, Banks must focus on digital technologies. The State Minister also mentioned that digital payment is one of the pillars of the Digital Ethiopia 2025 strategy and explained that Banks should focus on the development of new digital technologies from account management to security in order to satisfy the needs of their customers. Temnos Middle East and Africa Managing Director Lee Alcorn said digital banking is a do-or-die issue in the banking industry. It is said that due to the spread of digital technology, the security of the information network is one of the threats, so it is said that it should be focused on the security of the information network. Gaps in infrastructure, digital technology skills and network security were also discussed.

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