First Iraqi Bank: Pioneering Digital Finance in Iraq
Update: 2025-12-31
Description
Kawa Junad, a pioneer in Iraqs digital transformation, founded the countrys first digital bank, First Iraqi Bank. Despite initial regulatory hurdles, Junad collaborated with the Central Bank to establish guidelines for digital banks. The bank has gained traction, with over 1.2 million customers, primarily young tech-savvy individuals. Its opening doors for the unbanked, small businesses, and government payments. However, challenges remain, including high capital rules, tech reliability, trust-building, and geopolitical risks. Junad emphasizes agility in the fast-changing market, with the potential for global integration. Recent rumors about prepaid cards and shady funds were debunked, highlighting the banks commitment to responsible digital banking. Checkout Solipillow.com
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