15:53 - 14.02.2025

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February 14, Fineko/abc.az. Increasing the level of digitalization is one of the main performance indicators in the NDC Development Strategy 2024-2026,

ABC.AZ informs that National Deposit Center’s chairman of board Agaguseyn Khudaverdiyev said about this during his speech at the Azerbaijan Financial Forum.

He noted that, first of all, the NDC, as an important institution of the capital market ecosystem, has identified new digital solutions as a priority in the formation of a sustainable infrastructure.

"A new architecture for opening deposit accounts has been formed in the relevant direction. For example, the remote opening of deposit accounts for clients via the API was provided. This functionality allowed a wide range of investors to open an account in the NDC depository system through a mobile application. If from 1997 to the end of 2023 the number of deposit accounts available in the NDC was 121,610, then by the end of 2024 this number was 160,545. The number of active deposit accounts at the end of 2023 was 75,024, and at the end of 2024 - 105,552," Khudaverdiyev said.