ECONOMY
20.11.23 12:30
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday said Georgia had “all the prerequisites” to develop as a regional hub for financial technology in the Middle Corridor, a logistics route connecting China with Europe through the South Caucasus region.
Georgia is already a hub for logistics, transport, energy, communications, and tourism. And we have an ambition to become a fintech hub - all the prerequisites for this are there. The next step will be the development of the fintech industry in the country and offering of the best conditions to global investors interested in this field”, Turnava said.
The National Bank said Turnava had introduced achievements of the domestic financial technology industry to participants of the Singapore Financial Technology Festival, an event held last week to discuss financial technology.
Turnava said there were “transparent and flexible” regulations for fintech companies in Georgia to “avoid bureaucracy” and allow investors to develop in a “safe and stable” environment.
We had the opportunity to talk about the development of the fintech industry on a global scale - this time at the Singapore fintech festival, where we presented our plans to the world's largest fintech companies, investors and venture funds”, she said.
As part of the Festival, Turnava also participated in a meeting of women leaders on gender issues, women's involvement in society and economic activity. The NBG said she highlighted steps taken by the National Bank to empower women, including through raising the level of their financial education.
She also spoke about changes made by the Bank to the Corporate Management Code to set the gender quota for women in supervisory boards of banks at 33 percent starting in June, adding the figure would be raised to at least 40 percent in 2025.
Turnava noted the amendments would lead to at least 33 percent of directorates of commercial banks and micro banks being made up of both sexes, adding four of the six members of the Supervisory Board of the National Bank were women.
The central bank said the Georgian delegation was represented at the event for the first time to bring its messages on financial technology and impetus for development of the Middle Corridor.
The NBG had its own exhibition space at the festival, which also featured the Bank of Georgia and the domestic fintech startup Fave.
The Festival involved about 60,000 participants from 140 countries, the body said.
agenda.ge
Read: 244
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
Georgian Parliament holds yellow security level
12:0903.05.24
-
18:0002.05.24
-
Georgian Parliament Speaker, EU official review cooperation, integration
17:3202.05.24
-
US State Department condemns foreign influence bill advanced in Georgian Parliament
16:4002.05.24
-
Georgian Economy, Finance Minister review cooperation, projects with World Bank Executive Director
16:0002.05.24
-
15:0502.05.24
-
14:2902.05.24
-
13:5202.05.24
-
Austrian Airlines launches Vienna-Tbilisi flights
13:0002.05.24
-
12:1002.05.24
-
Health Ministry: Eight hospitalized during protest, patients' health conditions are satisfactory
11:2202.05.24
-
Ursula von der Leyen: Georgian people want European future for their country
10:1602.05.24
-
Is Echmiadzin opposed to peace in the South Caucasus? Once again...
18:5701.05.24
-
Georgian Parliament official highlights “threats” of external interference among “European public”
18:0001.05.24
-
17:0801.05.24
-
16:2701.05.24
-
15:2701.05.24
-
Josep Borrell Responds To The Situation In Georgia
14:4301.05.24
-
Tbilisi Mayor says Europe needs worthy, strong states
14:0001.05.24
-
Georgia imported 265 tons of lentils in January-March
13:3101.05.24
-
12:5001.05.24
-
12:0501.05.24
-
11:3101.05.24
-
10:5001.05.24
-
Yellow level of security regime to be again in effect in Parliament today
10:1601.05.24
-
Armenians in the Ottoman Empire: What Was, What Could Have Been and Today's Reality
7:5501.05.24
-
18:0530.04.24
-
Vice-President of the European Commission: I advised Ilia Darchiashvili to review our directive
17:1030.04.24
-
The Parliament elected Giorgi Kalandarishvili to the post of CEC Chairman
16:1530.04.24
-
15:4030.04.24
-
According to the government's decree, May 7, 8, and 10 were declared public holidays
13:5930.04.24
-
13:2130.04.24
-
Geostat: Georgia's economy grew by 8.2% in March
12:5030.04.24
-
President: Today, some people want to portray our 30-year-old allies and partners
12:0530.04.24
-
Georgian PM says “no alternative” to opening EU accession talks with country this year
11:3230.04.24
-
Ruling party Honorary Chair says “majority” of public “firmly support” NGO “transparency”
10:5130.04.24