As many as 500 local bank executives and IT senior experts gatheredin Hanoi on May 15 at a seminar to get updated with the latesttechnologies that can enable them to compete strongly in the currentfierce, fluctuating business environment.

Experts said the year2013 will see the negative impacts of the global economic crisis gettingto the bottom and a period of recovery and robust growth will start.

Asa result, the settlement of non-performing debts, risk governance andbanking management, and banking restructuring process will be challengesto the banking sector this year.

Meanwhile, newtendencies of technology such as cloud and mobile computing arepromising to add more novel values to banking services, they added.

The employment of such technology into the banking system in generaland in a specific bank in particular is urgently needed, expertsstressed.

Though introducing technology applications to enhancethe sector’s capacity of governance and management, the Vietnam BankingSeminar 2013 aims to push up the banking sector’s ongoing restructuring.

The two-day event, jointly held by theInternational Data Group and the Informatics Technology Department underthe State Bank of Vietnam , will also focus on the formation ofstrategies on banking and risk management, development of mobile banksand other modern service channels.

On thisoccasion, the Banking Vietnam Exhibition 2013 was also held, displayingadvanced banking technologies, services and solutions for retailbanking.-VNA