Internet Banking Inevitable for Middle East

Arab banks need to build knowledgeable human resources around Internet solutions and to take up the on-line challenge observed a leading Saudi Internet banking expert. Abdul Razzaq Al Saleh, Head of Internet Banking at Saudi Arabia's Arab National Bank, was quoted by the news service as saying that on-line banking will become a regional norm within 3-6 years and those who don't respond to the challenge will be "at a serious disadvantage."

Al Saleh will address the First Arab E-Banking and E-Security Summit, which is to be held in Dubai in April, and attended by more than 250 Arab, Islamic and international bankers, and will outline the case for Internet banking and present a case study of alarabi-ebank - the first Internet banking solution to be introduced in Saudi Arabia.