ONLINE BANKING GATHERING PACE IN ARMENIA

ArmInfo
14.05.2010

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.