The head of the fintech association of the Central Asia called for the harmonization of standards to attract investments

Арестова Татьяна Economy
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- Within the framework of the III session "Regional Business Agenda B5+1 for the Financial and Banking Sector," the Chairman of the Central Asian Fintech Association, Otabek Nasirov, discussed the need for the development of unified standards and digital integration, which he believes will be key to improving cooperation and attracting investments.

He noted that the main aspect of this process should be compliance with international standards, while the harmonization of standards remains a top priority.

“For American investors and financial institutions, the most important condition is market predictability, as well as compliance with requirements in the areas of compliance, corporate governance, data protection, and cybersecurity. Without these conditions, no digital solutions will be able to succeed on the international stage,” Nasirov emphasized.

In his opinion, establishing trust among market participants is the first step towards developing a capital market, which currently represents one of the serious challenges in the region.

“Without a fully functioning capital market, it will be difficult to attract investments. Many innovative projects and startups face challenges in obtaining financing,” he added.

Nasirov also noted that the synergy of digital integration and international standards will make the region more attractive to investors.

“Financial technologies and e-commerce are developing rapidly, but investors are looking not at individual countries, but at the region as a whole,” he concluded.

In conclusion, he urged to view Central Asia as a unified space for business development and investment attraction.
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