Freedom Bank plans to open a bank and an IT hub in Tajikistan

Freedom Bank Kazakhstan JSC’s near-term plans include opening a bank in Tajikistan and establishing an IT hub that will serve as a center for innovation and technological development. This will enable the scaling of its experience in the region and attract new customers.

Freedom Bank has achieved significant results in the field of digital technologies by integrating banking services with GovTech. This allows customers to conduct online evaluations of vehicles and real estate, as well as complete digital transactions in a shortened timeframe.

By implementing mathematical models, the bank has simplified the loan application process for individual entrepreneurs, eliminating the need to submit tax declarations and other supporting documents. The time from application submission to fund disbursement has been reduced to four hours.

Regarding plans to enter the markets of Uzbekistan and Kyrgyzstan, a member of the Board of Directors of Freedom Bank Kazakhstan JSC noted the high potential of the banking sectors in both countries.

Source: economist.kg