Friday, May 14 2010 11:46

Online banking gathering pace in Armenia


ArmInfo. Over the last years Armenian banks began actively developing online banking, Michel Davudyan, Apaga Technologies Company Director, said at the seminar on security issues on Friday.

He said demand for online services is also growing as Internet has become more accessible and of better quality in Armenia. "Of course, security problems originate as demand grows. A login and password are not enough to secure online banking systems against illegal access," he said.

The heads of IT-departments of local banks and other financial companies organized the seminar.
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