The Central Asian Fintech Association (CAFA) has agreed to collaborate with the Center for the Development of Artificial Intelligence and Digital Economy under the Ministry of Digital Development of Uzbekistan, its press service told Spot.
The center’s director, Vladimir Kravchenko, and CAFA Chairman, Otabek Nasirov, signed a memorandum. It is expected to lay the foundation for the sustainable development of fintech and the implementation of AI in the financial sector of Uzbekistan and other countries in the region.
The parties plan to implement pilot projects in digital finance. Research in AI, big data, machine learning, and cybersecurity will also be areas of joint work.
In addition, cooperation is aimed at:
- development of the fintech ecosystem and digital infrastructure;
- development of ESG-oriented financial solutions;
- implementation of educational programs for specialists, regulators and start-ups;
- preparation of analytical reports and white papers on the development of the digital economy.
According to Nasirov, this collaboration will enable CAFA to develop regulatory innovations. The association will be able to expand its support for startups, attract investment, and integrate the regional fintech ecosystem into the global space.
“We are confident that joint initiatives will contribute to the accelerated development of financial technologies, strengthen the digital economy, and enhance the competitiveness of Uzbekistan and the entire Central Asian region,” Nasirov added.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
