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Baku hosted FINTEX SUMMIT 2024
Baku hosted FINTEX SUMMIT 2024
The “FINTEX SUMMIT 2024 – FINANCE AND TECHNOLOGIES EXPO” organized by the Azerbaijan Banks Association was held.
FINTEX SUMMIT 2024 – FINANCE AND TECHNOLOGIES EXPO was held on May 15-16, 2024, in Baku, Azerbaijan. Summit was organized by Azerbaijan Banks Association in partnership with VISA, and supported by Central Bank of the Republic of Azerbaijan, Ministry of Digital Development and Transport of the Republic of Azerbaijan, Financial Monitoring Service, Center for Analysis of Economic Reforms and Communication of Azerbaijan, Azerbaijan Fintech Association with the subject of “New Trends in Banking and Finance Ecosystem: Innovative Solutions, FinTech And Security”.
Two day Summit brought together senior management of regulators, fintech, associations, representatives of international financial institutions, local Embassies, academician, well known companies, decisionmakers and influencers.
The event featured around 300 partners and participating companies and welcomed approximately 1,500 local and international participants over two days. Simultaneously, about 50 speakers from various countries delivered speeches and presentations on the dynamic developments in banking, finance, fintech, and technology across eight panels.
These panels are the ones we were discussing:
- Opening speeches;
- Digital Azerbaijan: The Future of Payment Industry;
- Experience and Process Management Technologies in a Regulatory and Secure Framework: Best Practices in Turkey;
- Bank to Catalyze Retail Investment;
- In Tandem with AI and Big Data: How Banks Should Scale;
- Use of Technology in Financial Services;
- Digital Assets: Pioneering the Future of Finance;
- The State of Fintech in the Region;
- Fraud Prevention: Safeguarding Financial Integrity in the Digital Age;
- Fintech and AML/CFT: Regulatory Landscape and Compliance Challenges.
Nurlan Hajiyev, Visa Senior Director and the traditional Global Sponsor of the Summit, also serving as the regional manager for Azerbaijan, shared his thoughts about this event organized by ABA:
“Visa, the international payment organization, emphasizes the significance of its partnership with Azerbaijan, deeming it a strategic market. It’s heartening to note that Azerbaijan has emerged as a frontrunner in adopting specific technologies. Notably, several impactful projects have already been successfully executed in the country. To date, Visa has facilitated 212 billion transactions across 260 diverse currencies, indicative of its global reach and impact. Furthermore, Visa is poised to explore and innovate in novel domains, showcasing its commitment to pioneering advancements.”
It should be noted that this forum stands out as one of the two premier international events held annually in Baku and is renowned as the most prestigious financial and banking gathering in the region. The other key event is the annual “International Banking Forum.
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