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Belarus’ National Bank aims to bolster technological, digital sovereignty

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MINSK, 9 September (BelTA) – Chairman of the Board of Belarus’ National Bank Roman Golovchenko outlined plans to bolster technological and digital sovereignty in the banking sector at a meeting hosted by the Belarusian president, BelTA has learned.

“Technological and digital sovereignty. It is no secret that banks predominantly use imported software. Yes, it is high-tech, expensive, but it is imported. Only few are developing their own unique digital products,” Roman Golovchenko noted.

According to him, this situation creates significant systemic risks for the banking sector, particularly if sanction pressure increases. “We cannot relax, as the president says. Especially in this area. Therefore, the National Bank has taken on a coordinating function in this domain. We will combine the competencies of banks and IT companies to develop and implement domestic solutions for the banking sector,” the chairman of the NBRB Board stated. 

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