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Prospects for cooperation in the field of financial technologies and investment were discussed during an online seminar

The prospects for development of financial technologies and investment were discussed by the CICA Member States’ representatives of financial structures over the course of an online seminar held on 10 November 2021. The event was organized by the Astana International Financial Center in partnership with the CICA Secretariat. The seminar was attended by representatives of financial and banking structures of Azerbaijan, China, India, as well as participants from Kyrgyzstan, Russia, Turkey and Tajikistan.

In his welcoming remarks, CICA Executive Director Ambassador Kairat Sarybay noted that the seminar was undoubtedly a follow-up of the process initiated by the CICA Member States in their efforts to further expand financial cooperation, including interaction in the fintech sector. “In the era of digitalization of economies and the rapidly changing technologies, it is essential to enhance international cooperation, entailing greater access of the region’s countries to scientific and technological achievements, including in the regulation of the financial sector and technology”, – emphasized Kairat Sarybay.  

Governor of the Astana International Financial Center Kairat Kelimbetov, while addressing the participants of the seminar, noted that most of the CICA Member States represent developing or emerging economies, and, consequently, need the financial support for their projects as well as having the advanced technologies in order to upgrade their economies. «Only by working together, we can ensure the transfer of know-how, experience, and expertise, which is essential if we want to develop new tech - be it fintech, govtech, or any other - tech», - summarized his statement the head of the AIFC.

During the event, the participants exchanged their experiences on activities of the financial centres, discussed prospects for an expanded cooperation in the field of financial technologies and investment, financial sector regulation, and establishing a favorable business climate.