BAKU, Azerbaijan, September 6. The Central Bank of Azerbaijan (CBA) together with the International Finance Corporation (IFC) is developing a fintech strategy for 2024-2028, said Director of the Payment Systems and Settlements Department of the Central Bank of Azerbaijan Kamala Gurbanova at the Azerbaijani-Turkish Fintex Forum, Trend reports.
According to her, fintech is one of the components of the sustainable development project of the financial sector implemented by the CBA together with the McKinsey organization.
"All these measures support the increase in demand and supply of fintech in the country. In addition, new staff will be trained to work with digital technologies," she said.
More than 30 fintech companies operate in Azerbaijan as of today.
The first Azerbaijani-Turkish Fintex forum is being held in Azerbaijan today, on September 6. The second part of the forum will be held in November-December this year in Istanbul.
The aim of the forum is to strengthen business ties between the participants of the fintech ecosystems of Azerbaijan and Türkiye, assess potential opportunities for cooperation, and create effective synergy between the two brotherly countries in the field of innovative financial technologies, as well as in other areas.