YEREVAN, December 12. /ARKA/.  Over 200 participants in presence and another 5,000 online viewers are attending the Silicon Mountains International Technology Summit in Armenia.

Armenian and foreign experts gathered in the capital Yerevan to discuss the vision, trends and challenges of the fourth industrial revolution, Acba Bank said in a press release today.

The summit is devoted to introduction of smart digital solutions into economy. More than 20 speakers presented topics related to smart economy, smart infrastructures and of course, smart and digital banking system.

Hakob Andreasyan, CEO of Acba Bank, presented his opinion on this issue. "There are three important components to implement modern banking. The first is good technology. The second is smart, I would say a digital-smart employee and the third, of course, is a smart digital client. The combination of these three ensures the implementation of smart banking," he said.

The speakers also touched on the issue of security in banking: Armenian banks take the security of customer data very seriously.

"The use of "cloud" based on the best technologies is also very important for increasing the security. It is extremely important and we should not be afraid of technology, but think about creating a "cloud" in our country," Andreasyan stressed, adding that in order to ensure the security of banking data, the financial literacy of clients plays a major role, for which there is a need for educational programs, despite the fact that in the context of implementing financial education Armenia is exemplary at the world level.

Acba Bank is controlled by the Central Bank of Armenia. -0-