Baku Hosts Second Day of Fintex Summit 2024

Baku, The Gulf Observer: Baku is hosting the second day of the Fintex Summit 2024, focusing on “New Trends in Banking and Finance Ecosystem: Innovative Solutions, FinTech, and Security,” according to the Azerbaijani media.

The second day features two significant panel sessions addressing critical topics in the financial sector. The panels will cover fraud prevention and the development and challenges within the fintech industry, providing a platform for experts to discuss innovative strategies and solutions.

An award ceremony honoring the sponsors and partners of the summit was held, with Visa, the summit’s global sponsor, receiving recognition alongside representatives from various banks and organizations.

The summit, which began on May 15 and concludes today, has been a hub for discussions on the digital transformation within Azerbaijan’s financial sector. Key topics included the future of the payment industry, the implementation of artificial intelligence, the advancement of cashless transactions, the growth of the fintech sector in the region, and the utilization of digital currencies.

On the initial day, presenters explored the progress of payment systems in their respective countries, open banking initiatives, and the advantages and challenges of artificial intelligence. Discussions also focused on accelerating the shift towards cashless transactions and the prospects for digital currencies.

The Fintex Summit 2024 has successfully brought together industry leaders, innovators, and policymakers to share insights and foster collaboration, driving forward the future of banking and finance in the region.