The Central Bank of the Republic of Azerbaijan announced that it has joined the Global Financial Innovation Network (GFIN) as an observer member, framing the step as part of its work to support the development of digital financial solutions and innovation. Observer membership enables the central bank to participate in GFIN initiatives and cooperate with leading global regulators and innovators, with the stated aim of drawing on international experience to align the financial sector’s technological development with international standards and support the resilience of financial markets. GFIN is described as an international organisation that brings together financial regulators, central banks, international organisations and other fintech-related bodies to promote and develop innovation in financial technology.
Central Bank of the Republic of Azerbaijan 2025-02-05
Central Bank of the Republic of Azerbaijan joins the Global Financial Innovation Network as an observer member
The Central Bank of the Republic of Azerbaijan has joined the Global Financial Innovation Network (GFIN) as an observer member to support digital financial solutions and innovation. This membership allows the bank to engage with global regulators and innovators, aiming to align technological development with international standards and enhance market resilience. GFIN unites financial regulators, central banks, and fintech bodies to promote financial technology innovation.