Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Monday March 8 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Azerbaijan should expand implementation of financial technologies

16 May 2019 14:13 (UTC+04:00)
1 372

By Trend

Azerbaijan should expand the implementation of financial technologies, Executive Director of the Azerbaijani Center for Analysis of Economic Reforms and Communication Vusal Gasimli said, Trend reports.

Gasimli made the remarks at the Finance and Technology (FINTEX) Summit entitled "New trends in banking and payment ecosystem: innovative solutions, financial technologies and security" in Baku on May 16.

He stressed that traditional banking should expand the use of financial technologies and rapidly pass to the open banking.

Gasimli also added that the financial technologies are rapidly developing in the markets of Asia and South America. "According to the forecasts, the financial technology market will reach $60 billion by 2024,” he said. “Asia will hold an important place in this sphere and will turn into a hub."

Gasimli noted that Azerbaijan must take advantage of these opportunities and expand the implementation of financial technologies. “These technologies allow minimizing costs up to 30 percent,” he added.

FINTEX Summit is being held within the "Week of financial and digital technologies" in Baku. About 100 representatives of international organizations and leading companies from the US, CIS, Europe, Japan, India and other countries are taking part in the event.

---

Follow us on Twitter @AzerNewsAz  

  • #FINTEX SUMMIT
  • #VUSAL GASIMLI
  • #AZERBAIJAN

Related News

Azerbaijan celebrates International Women's Day

Azerbaijan celebrates International Women's Day

08:00
President Aliyev addresses Ruling New Azerbaijan Party extraordinary congress <span class="color_red">[UPDATE]</span>

President Aliyev addresses Ruling New Azerbaijan Party extraordinary congress [UPDATE]

6 March 14:30
Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase

Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase

5 March 19:45
Sunny weather expected on Saturday

Sunny weather expected on Saturday

5 March 19:27
Azerbaijani PM expresses condolences to Turkish VP over helicopter crash

Azerbaijani PM expresses condolences to Turkish VP over helicopter crash

5 March 19:10
Azerbaijan eyes to start employment promotion activities in liberated areas

Azerbaijan eyes to start employment promotion activities in liberated areas

5 March 18:25
Azerbaijani State Security Service shares grief of death of Turkish servicemen

Azerbaijani State Security Service shares grief of death of Turkish servicemen

5 March 17:27
U.S. Congressman commemorates victims of Khojaly genocide

U.S. Congressman commemorates victims of Khojaly genocide

5 March 17:23
Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party

Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party

5 March 16:52
Precious metal prices in Azerbaijan down

Precious metal prices in Azerbaijan down

5 March 14:47
  • Latest
  • Popular
08:00 • Azerbaijan celebrates International Women's Day
7 March 16:41 • Azerbaijan shows footage from Aghdam's Suma village [VIDEO]
7 March 15:02 • Azerbaijan confirms 127 more COVID-19 recoveries
7 March 12:30 • WHO official advises against introducing ‘immunity passports’ for travelers now
7 March 12:11 • Azerbaijan shows footage from Fuzuli's Garakollu village
7 March 11:53 • WHO reports over 353,000 new daily cases of COVID-19
7 March 11:40 • We successfully completed all steps taken, including ending occupation of Nagorno-Karabakh - Erdogan
7 March 11:17 • Foreign diplomats acquainted with Gulebird HPP in liberated Lachin of Azerbaijan [PHOTO]
7 March 11:00 • New hazelnut processing plant to open in Azerbaijan’s Zagatala
7 March 10:37 • Armenian occupants seriously damage Azerbaijan's ecology - Ministry [PHOTO]
7 March 10:18 • Azerbaijani Ministry of Education implementing innovative projects with Microsoft
7 March 10:00 • Azerbaijan issues footage from Jabrayil district's Papi village [VIDEO]
6 March 18:00 • Azerbaijan confirms 149 more COVID-19 recoveries
6 March 16:13 • Reps of diplomatic corps in Azerbaijan visit Fuzuli airport's construction area
6 March 15:42 • Turkish FM announces trilateral meeting between Azerbaijan, Turkey, Turkmenistan
6 March 15:17 • Lybian diplomat harshly condemns Armenia using mosque in Azerbaijani Fuzuli as stable
6 March 15:00 • Turkish investors have interest in Azerbaijan's business environment - Turkey's MUSAID
6 March 14:30 • President Aliyev addresses Ruling New Azerbaijan Party extraordinary congress [UPDATE]
6 March 14:00 • Azerbaijan shows footage from Zangilan's Garadere village (VIDEO)
6 March 13:30 • Azerbaijani FM, CoE Baku office discuss new action plan for cooperation
7 March 10:18 • Azerbaijani Ministry of Education implementing innovative projects with Microsoft
7 March 10:37 • Armenian occupants seriously damage Azerbaijan's ecology - Ministry [PHOTO]
7 March 12:30 • WHO official advises against introducing ‘immunity passports’ for travelers now
7 March 11:00 • New hazelnut processing plant to open in Azerbaijan’s Zagatala
7 March 11:53 • WHO reports over 353,000 new daily cases of COVID-19
7 March 11:17 • Foreign diplomats acquainted with Gulebird HPP in liberated Lachin of Azerbaijan [PHOTO]
7 March 11:40 • We successfully completed all steps taken, including ending occupation of Nagorno-Karabakh - Erdogan
7 March 10:00 • Azerbaijan issues footage from Jabrayil district's Papi village [VIDEO]
7 March 12:11 • Azerbaijan shows footage from Fuzuli's Garakollu village
7 March 15:02 • Azerbaijan confirms 127 more COVID-19 recoveries
7 March 16:41 • Azerbaijan shows footage from Aghdam's Suma village [VIDEO]
08:00 • Azerbaijan celebrates International Women's Day
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved