16:01 - 24.06.2025

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June 24, Fineko/abc.az. In the near future, in order to provide products and services that will meet the needs of consumers in the era of digital transformation, it is necessary to provide access to data collected by governmental agencies in order to more successfully apply the open finance model.

ABC.AZ informs that Zakir Nuriyev, President of the Association of Banks of Azerbaijan (ABA), made this statement at the Fintex Summit in Baku.

According to Nuriyev, as part of security measures in the ecosystem, the fight against fraudulent transactions is ensured through close coordination and timely exchange of information between the Central Bank, relevant government agencies and organizations rendering payment services.