Imperative of Advanced Digitalization and Automatization in Serbia Banking Sector

Giving the follow up on the dialog among leading professionals from our banking sector that was recently moderated by JMP Senior partner Dr Jelena Gazivoda, several important points emerged and were thoroughly discussed.

Wider implementation of video identification of clients, instant payment system, distance contracts and better networking are some of the recognized business solutions that would be part of the future reforms. Given that breakage with traditional models in providing banking services is made, e.g. “personal presence and paper work”,  exchange of data between banks, payment institutions, tax authorities and public administration would make foundation for further improvement of related regulatory framework.

Reforms of banking sector have been recognized as tool for development of sustainable market economy, being based, among other factors, on competitiveness, good-governance,  green transition and resilience. Looking ahead to better solutions that would increase capacity of banks to better understand the needs of financial services users and help them utilize the data to the maximum extent, would finally lead to procuring  and preserving much needed trust in the system.

Wrapping up this comprehensive coverage, a joint conclusion was made that improvement and wider application of technology and further development of SMIs would help utilize the data to the maximum extent and build more efficient financial sector.

Scroll to Top

Privacy Policy

Law firm Janković, Popović & Mitić Beograd takes care of your privacy. As a controller and in accordance with the Law on Personal Data Protection and other applicable personal data protection regulations, we are obliged to provide you with information related to processing of your personal data.

We use cookies to help improve your experience of our website by measuring how it’s used.

Read our Privacy & Cookie policy for more information.

This Privacy Notice describes which personal data we collect from you and in which manner, how we use and share your personal data. It contains information on purposes and legal grounds for processing, on the time period in which we store your personal data, the manner we protect this data as well as on your rights.