Banks will invest in digitization and security services development in 2024 - V. Mudryi
Banks will continue to invest in digitalization and security services development in 2024, so breakthrough solutions can be expected in these areas. This opinion was expressed by the CEO of OTP Bank, Volodymyr Mudryi, in the Interfax-Ukraine edition column.
"An important trend of the banking business in 2024 is digitalization, which actually started several years ago, but which will continue to gain momentum and require significant investments for development. At the same time, security is more pressing than ever. Banks are one of the most protected structures, but this is due to the constant strengthening of the IT infrastructure security and solutions in response to the ingenuity of cybercriminals," said V. Mudryi.
According to him, banks try to protect customers not only from illegal actions of fraudsters or to save money on cards that customers sometimes lose, social engineering concerns all funds in all customer accounts. There is also the danger of interference from the outside, which needs to be countered by powerful defense systems.
"It is extremely important for banks, because clients trust us with their wealth, savings, and business funds. Therefore, digitization and the development of security services will go hand in hand, and will show many breakthrough solutions in 2024," added the CEO of OTP Bank.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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