BAKU, Azerbaijan, June 9. The Azerbaijan
Fintech Association and the Central Asian Fintech Association have
signed a memorandum of cooperation, Trend reports.
The signing ceremony took place during the “10th International
Summit on Finance and Banking,” held in Baku.
According to the agreement reached between the parties, the
memorandum aims to develop the financial technology (fintech)
ecosystem in the region, implement innovative solutions, and
strengthen the mutual exchange of experience.
In addition, it is noted that this partnership will contribute
to expanding the reach of digital financial services and creating
new business opportunities in both Azerbaijan and the countries of
Central Asia.
Meanwhile, a two-day international event titled “International
Finance and Banking Summit 2026: Global Financial Integration of
Turkic States” commenced in Baku.
The summit, organized with the support of the Council of Banking
Associations of Turkic States (CBATS), the Central Bank of the
Republic of Azerbaijan, the banking associations of Kazakhstan,
Kyrgyzstan, Uzbekistan, and Turkey, the Kazakhstan Association of
Financiers, and other partner organizations, is intended to serve
as a high-level platform for accelerating the integration of the
financial systems of the region’s nations and Turkic-speaking
states into the global financial landscape.
The summit brought together leaders of banks and financial
institutions at the local, regional, and global levels,
representatives of international organizations, suppliers of
technology, equipment, and software, other vendors, representatives
of regulatory bodies, startups, international experts, investors,
and many others.