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The scientific and practical event, dedicated to the topic "Innovations in financial technologies (FinTech): what awaits the financial sector?", opened with a speech by the invited speaker - member of the Supervisory Board of CLICK and expert in the field of financial technologies U. Ziyamova. The report on the topic "State of the financial market of Uzbekistan" covered the current state of the country's financial market, its development trends, reforms aimed at introducing financial technologies in the banking sector, the history of the emergence of financial platforms, as well as issues related to attracting foreign investment.
The speaker also presented analytical information on the digital transformation of financial institutions and global trends in the financial sector.
The next speaker was the manager of the Department of Actuarial Calculations and Formation of Insurance Reserves U. Rashidov, who, as part of the presentation on the topic "Which innovations in the field of financial technologies are the most promising for developing markets?" covered the development of fintech, the use of financial technologies in foreign countries, as well as the practical experience of implementing FinTech projects at Uzbekinvest.
The report provided examples of the use of financial technologies in various countries, including best practices from the USA, Great Britain, China and India, listed the world's leading organizations in this area and presented forecasts for the further development of the industry.
It was separately emphasized that Uzbekinvest has implemented a platform based on artificial intelligence, and also provided data on losses for 2021-2024, automated processing of insurance claims and settlement of insurance claims through an electronic system.
The next speaker was N. Jalelova, Manager of the Finance Department, who gave a presentation on the topic "How can financial technologies transform the financial regulation system of Uzbekistan?" In her speech, she presented data in tabular form, analyzing the impact of fintech on the regulatory system, its institutional structure, regulatory framework and the dynamics of FinTech growth in the country.
The report emphasized that the main drivers of growth of the fintech sector in Uzbekistan are digital and online payments, cryptocurrency transactions, the introduction of blockchain technologies in the public sector, as well as the development of the digital currency of the Central Bank. In addition, the application of financial technologies in the activities of the insurance company Uzbekinvest was described in detail, including the launch of mobile applications, the use of FaceID technology and data processing using artificial intelligence.