Central Bank Deputy for Management and Resources Visits Franic Innovation Hub

'Reza Khajenayini', Central Bank Deputy for Management and Resources Development, visited the company Franic and learned about the latest capacities and operational processes of this group.

According to Ambassador Arjan, citing the public relations of the National Informatics Company, Seyed Reza Naserinik, the CEO of the National Informatics Company, and a group of managers were present in this visit, which was conducted with the aim of examining the synergy between macro-banking policies and technological solutions.

In this meeting, Khajenayini, referring to the fields of cooperation between the Central Bank and National Informatics Holding, emphasized the importance of implementing agile models in the banking system and considered Franic's capacities as an effective step in accelerating digital transformation and reducing operational risks.

Referring to the supporting and supervisory role of the Central Bank, he emphasized the need to strengthen the investment platform for projects with high growth potential and continued: Projects that can create sustainable added value for the financial industry should be considered.

In the following, Sayedreza Naserinik, CEO of National Informatics Company, referring to Franik's mission in developing innovation, said: By attracting elite human resources and expanding cooperation with universities, Franik can link the country's scientific and specialized capacities to the needs of the Central Bank and play an effective role in advancing the bank's programs and solving problems and play a role as the bank's innovation arm.

Hussain Yagoubi, the CEO of Franik, also explained the mission of this company in the innovation ecosystem, saying: With the aim of linking the governance needs of the Central Bank and the technological capabilities of the country, Franik has a mission to transform the complex challenges of the banking system into implementation projects, connect them to innovation capacities and measure the results based on operational evidence.

According to CEO Franik, the company's strategy is based on four operational axes: open innovation, innovation lab, market acceleration and development, and bold investment.

The CEO of Franik also announced the focus of this collection on areas such as fintech, regtech and suptech, insurtech and wealthtech, digital trust and financial infrastructure and stated: artificial intelligence, blockchain, security and quantum technologies are also among the technologies of interest to Franik; Areas that can be used in data analysis, process intelligence, infrastructure protection and financial services development.

He considered the strengthening of the cooperation network, playing the role of Franik as the innovation arm of the Central Bank and the formation of a corporate venture capital fund as the axes of the development of this cooperation and added: these capacities can strengthen the link between the needs of the Central Bank, the country's technological capabilities and investment in innovative projects.

At the end, Yaqoubi emphasized: Franik follows the cycle of innovation from problem identification and idea formation to testing, investment and market development so that effective solutions with less risk and more preparedness are used in the country's banking network.