Digitalisation of the Banking Sector, Trends Followed by the Association of Montenegrin Banks

Association of Montenegrin Banks organised presentations and workshops on the digital banking on 16th and 17th February. Representatives of ProgressSoft, a company offering its services in the USA, Western Europe, Asia and Africa, presented solutions for mobile payments in real time and clearing options. ProgresoSoft is present in 24 countries cooperating with 370 banks, both commercial and regulatory, which gives references to this company and where they focused on the development of the payment systems.

The first day was for the IT experts of the Committee of the Association of Montenegrin Banks and for the Central Bank representatives, where an insight was given into safety, regulatory and technical problems regarding transfer and clearing of funds. The second day was for commercial banks and execution of the payments with the explanation of various forms of payments ranging from e-cheques to mobile payments and supporting platforms.