National Bank of Kazakhstan sets out digital transformation priorities including the digital tenge at Congress of Financiers

The National Bank of Kazakhstan reported on the XIII Congress of Financiers of Kazakhstan in Almaty, where regulators and industry discussed approaches to regulation in the context of digitalisation and artificial intelligence. In remarks to participants, Governor Timur Suleimenov framed the central bank’s infrastructure as the backbone of Kazakhstan’s cashless ecosystem, pointing to the digital tenge platform, the interbank mobile transfer system, Open API and the National Anti-Fraud Center. The congress, organised by the Association of Financiers of Kazakhstan with support from the National Bank and the Agency for Regulation and Development of the Financial Market, was attended by the heads of the central banks of Russia, Armenia, Kyrgyzstan and Belarus. Sessions also examined the impact of internal and external factors on monetary policy, financial stability and confidence in financial institutions, alongside insurance-market growth, measures to expand access to insurance products, and steps to support transparency and competition; participants emphasised the need to strengthen preventive measures to protect financial services consumers and reviewed existing tools to support entrepreneurship.