The AI Development Center of Uzbekistan and the Central Asian Fintech Association have signed a memorandum of cooperation.

The Artificial Intelligence and Digital Economy Development Center under the Ministry of Digital Technologies of Uzbekistan will collaborate with the Central Asian Fintech Association.

The memorandum of cooperation was signed by the center's director, Vladimir Kravchenko, and CAFA Chairman Otabek Nasirov. The document aims to establish a foundation for the sustainable development of FinTech and the implementation of artificial intelligence technologies in the financial sector of Uzbekistan and other countries in the region.

As part of the partnership, the parties plan to implement pilot projects in the field of digital finance. They also intend to conduct research in the areas of artificial intelligence, big data, machine learning, and cybersecurity.

The cooperation also includes the development of the FinTech ecosystem and digital infrastructure, the creation of ESG-oriented financial solutions, the launch of educational programs for specialists, regulators, and startups, as well as the preparation of analytical reports and white papers on the development of the digital economy.

Source: CAFA