The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan outlined its priorities for digitising financial supervision and its planned approach to regulating artificial intelligence (AI) in the financial sector, in remarks by Chair Madina Abylkassymova at the Central Asia FinTech Summit. The Agency signalled it is studying international practice and intends to develop an AI regulatory framework grounded in Organisation for Economic Co-operation and Development (OECD) and Bank for International Settlements (BIS) principles. Using National Bank data, the Agency reported that 75% of Kazakhstan’s banks already use AI in areas including credit scoring, anti-fraud systems, marketing and customer services, with adoption varying by institution size and capability. Based on its analysis and surveys of financial organisations, the Agency identified key constraints on AI development as the absence of unified standards, data quality issues and shortages of skilled personnel; it also highlighted the need for investment in computing capacity, cloud platforms and cybersecurity, and pointed to a role for the National Bank and the Ministry of Artificial Intelligence and Digital Development in ensuring equal infrastructure access for all market participants. The Agency also noted that its SupTech and RegTech supervisory tools have been consolidated into a single digital supervisory platform.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-11-13
Kazakhstan's Agency for Regulation and Development of the Financial Market sets out Digital Regulator strategy and OECD and BIS based approach to AI regulation
The Agency for Regulation and Development of the Financial Market of Kazakhstan announced priorities for digitising financial supervision and regulating AI, referencing OECD and BIS principles. It reported 75% of Kazakhstan’s banks use AI, facing challenges like lack of unified standards, data quality issues, and skilled personnel shortages. The Agency emphasized investment in computing capacity and cybersecurity, and noted the consolidation of its SupTech and RegTech tools into a single digital platform.