Kazakhstan

The landscape around the financial sector has changed drastically recently, and the relatively straightforward indicators traditionally used to assess its growth and profitability are simply no longer applicable, at least …

The National Bank of Kazakhstan has announced that it is working on creating a digital version of its national currency. As part of the first step towards this aim, the …

With many companies expanding their product and service offering, it’s no surprise that we are seeing new and interesting combinations for what companies offer. For example, we have seen the …

Kazakhstan began its journey toward digitization in 2006. Since that time, digitization has gained much traction in the country in both the public and commercial sectors. Our friends at Terrasoft …

There has been a large focus on how financial institutions are responding to the COVID-19 pandemic; however, much of that focus has been of the financial services they are offering …

COVID-19 has impacted the way Kazakhstanis are living their lives, and many believe that the new normal will look very different from the old one. Within the banking sector, COVID-19 …

Compliance is continuing to evolve in Kazakhstan, and our friends at banker.kz have outlined 7 key compliance trends for the country in 2020: Compliance risk management and internal control systems …

Kazakhstan suffers from a lack of digitalization in the financial sector, as is evident by the fact that there is not a single full-fledged digital financial institution in the country. …

Insurance markets are changing all over the world thanks to digital innovations. This includes: changes to calculation models, increased competition (due to the rise of insurance platforms), a rise in …

Consumers choose to use digital services for one main reason – it solves an issue. In Kazakhstan, however, the adoption of digital services has been somewhat lower than in other …

Kazakhstani police are investigating the leak of the personal data of Kazakhstani citizens. Earlier this year, it was discovered that an online database containing the personal data of about 11 …

Big Data technologies are gradually entering the Kazakh market. Large companies use solutions based on them, schools of big data analysts open, state projects on digitalization are launched. A lot …

The government of Kazakhstan is planning to create the Personal Data Agency under the Security Committee of the Ministry of Digital Development. This new agency will be responsible for coordinating …

In Kazakhstan, biometrics as an identification tool is still a far-away dream. Currently, the existing state database of citizens is being used for biometrics in the country. Although 11 financial …

A recent survey of 1,600 Kazakhstanis from 45 locales around the country indicates that a majority (55%) pay attention to the financial information of financial institutions, including credit rating and …

New players, so-called BigTechs, are entering global financial markets and capturing new market niches by taking advantage of their technological innovations and huge customer bases. As these companies slowly begin …

Telecom companies and banks benefit from cooperation in the field of mobile finance, especially in regard to transfers and payments. In Kazakhstan, mobile finance is only at the beginning of …

A new online platform (ISMET.kz) represents the next step for what a marketplace can offer businesses in Kazakhstan. Created by Kazakhtelecom JSC, it is the first B2B site in the …

Kairat Mazhibaev, Chairman of the Board for RESMI Group, has announced the creation of the Respublika Financial Systems Group. This new Group is planned to be an umbrella brand for …

Open APIs are starting to emerge as a trend in the market of IT solutions in Kazakhstan, with private banks actively exploring the potential of open APIs and the National …