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  A meeting between the members of the Azerbaijan Fintech Association and the Deputy Chairman of the Central Bank, Vusal Khalilov, was held.

A meeting between the members of the Azerbaijan Fintech Association and the Deputy Chairman of the Central Bank, Vusal Khalilov, was held.

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Wed 08 2025

A meeting between the members of the Azerbaijan Fintech Association and the Deputy Chairman of the Central Bank, Vusal Khalilov, was held.

During the meeting, key development trends in the fintech sector, the expansion of the coverage of the Instant Payments System and the opportunities for fintechs to offer innovative solutions through this system, as well as ensuring full compliance of electronic money and payment institutions with AML/CFT and information security legislative requirements and effective management of compliance risks were thoroughly discussed.

In addition, views were exchanged on the improvement and application opportunities of the special regulatory regime, ongoing work in the field of open banking, as well as the preparation of a draft law regulating the activities of digital assets and their providers.