Modernization plan for the Central Bank. Renovating IT systems, operations, and procedures

Modernization plan for the Central Bank
Renovating IT systems,
operations, and procedures
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The Central Bank (BDL) has launched a comprehensive plan to modernize its IT infrastructure. A road map will be executed in cooperation of the global consulting firm Booz and Co.
The plan aims to cover many projects related to the IT system of the bank. “We are already using advanced programs such as ‘Oracle’, but our professional IT department seeks to keep up with the newest systems, in order to constantly meet international standards,” said Marianne Houwayek, Executive Office Director at BDL. The modernization will also include operations, procedures, and work organization.
The plan will take two years to be executed. It was launched on the occasion of the 50th anniversary of the Central Bank.
“The main objective of the plan is to raise the bar of our work,” said Houwayek.
In addition to the modernization plan, other projects will be launched in the future, including the Bank Audit Committee, the Special Investigation Body, and the Financial Markets Body.
Reported by Joelle Nassar
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Date Posted: Mar 27, 2014