The “Cost Techniques and Digital Banking Professional Group” from the Azerbaijan Banking Affiliation visited Toss Financial institution on Nov. 28 to share Korea’s superior digital finance instances and focus on cooperation between the 2 nations, Toss Financial institution introduced on Dec. 2.
The delegation consisted of 16 members, together with Zakir Nuriyev, chairman of the Azerbaijan Banking Affiliation, deputy governor of the Central Financial institution, and executives from main industrial banks’ digital and cost divisions. Toss Financial institution CEO Lee Eun-mi, chief technique officer (CSO) Park Jin-hyeon, and different executives welcomed them.
Toss Financial institution launched its achievements since its launch in 2021. Buyer-centered design, technology-based danger administration, and expanded accessibility for the financially underserved had been shared as key experiences. Particularly, the case of speedy development primarily based on a platform mannequin and the service innovation course of centered on consumer expertise (UX) drew consideration from Azerbaijani officers.
Additionally they confirmed deep curiosity in Korea’s fintech development background, the stability between regulatory atmosphere and innovation, and the event instances of digital cost infrastructure. Toss Financial institution’s growth of the important function of banking and institution as platform finance was extremely evaluated.
Chairman Zakir Nuriyev stated, “Toss Financial institution’s speedy development and innovation achieved in simply 4 years may be very spectacular,” and “Particularly, we had been in a position to affirm Toss Financial institution’s flexibility and competitiveness within the technique of immediately securing improvement personnel as common staff to internalize expertise and reply to and develop all banking points swiftly.”
Azerbaijan is at present present process speedy digital transformation by non-cash cost growth insurance policies and fintech improvement methods led by the central authorities. Presently, roughly 90% of funds are made by non-cash funds, and the effectivity of the monetary market has vastly improved because of the unfold of open banking, QR funds, and NFC funds. Varied e-wallets and cost startups resembling PashaPay, GoldenPay, and PayRiff are rising, and the digital finance ecosystem can be rising quickly.
Each Toss Financial institution and the Azerbaijan Banking Affiliation delegation agreed to contribute to the event of the worldwide digital monetary ecosystem primarily based on steady data change sooner or later.
Toss Financial institution CEO Lee Eun-mi stated, “The innovation that Toss Financial institution has created was a journey to newly outline the essence of finance past expertise,” and “Since digital finance innovation is a worth to be shared throughout borders, by this change, we’ll proceed to share superior experiences and contribute to creating a worldwide monetary ecosystem collectively.”
A delegation from the Azerbaijan Banks Affiliation visited the headquarters of Toss Financial institution in Gangnam-gu, Seoul, on the morning of the twenty eighth of final month. They’re seen smiling brightly whereas taking a commemorative picture on the ‘Toss Financial institution Lounge.’ Toss Financial institution CEO Lee Eun-mi (sixth from the left within the entrance row) and Zakir Nuriyev, Chairman of the Azerbaijan Banks Affiliation (seventh from the left within the entrance row).
