The Central Bank of Bosnia and Herzegovina published remarks by Governor Jasmina Selimovic from the Economic Forum of Bosnia and Herzegovina, where she framed digital transformation as requiring strategy, vision and the willingness to change established ways of working. She contrasted the rapid digitalization of the financial sector with a slower pace in the public sector. Selimovic linked the public-sector gap to limited resources, resistance to change, and laws and regulations that are not adapted to the digital age, arguing that transformation requires changing processes and business models to realize efficiency gains. For the central bank, she pointed to already robust IT systems alongside continued investment, citing initiatives to join the Single Euro Payments Area, introduce instant payments and QR code payments, implement internal and qualified electronic signatures, and explore artificial intelligence models for data analysis, while calling for stronger public-private cooperation to deliver tangible results.
Central Bank of Bosnia and Herzegovina 2025-05-19
Central Bank of Bosnia and Herzegovina governor highlights SEPA participation, instant payments and AI analytics as digital priorities
Governor Jasmina Selimovic of the Central Bank of Bosnia and Herzegovina stressed the need for strategic digital transformation at the Economic Forum, noting the financial sector's rapid digitalization compared to the slower public sector. She cited limited resources and outdated regulations as reasons for the lag, advocating for changes in processes and business models. The central bank is investing in IT systems, joining the Single Euro Payments Area, and exploring AI for data analysis, while urging stronger public-private cooperation.