AIFC and Fidor Solutions to boost fintechs in Kazakhstan
Astana International Financial Centre (AIFC) and Fidor Solutions have signed a memorandum of understanding (MoU) to drive fintech innovation in Kazakhstan and economic development in Central Asia, reports Jane Connolly.
As a result of the MoU, the two organisations plan to foster fintech collaboration by developing initiatives to support a cashless economy in Kazakhstan and provide joint fintech education programmes with key regional universities.
The understanding also includes support in developing the AIFC fintech marketplace and providing mentorship and partnership for accelerator programmes.
Created by President Nursultan Nazarbayev in 2015, the AIFC drives innovative financial and technology initiatives with accelerator and incubator programmes. It also attracts partnerships and investments from fintechs and venture capital firms.
Dubai-based, Fidor Solutions – sister company to Fidor Bank – offers technology and advisory services to financial institutions, with a focus on open digital banking.
“AIFC has great ambitions for its fintech innovation programme that go beyond borders,” says Kairat Kelimbetov, governor of AIFC. “We are proud to be growing our fintech network by signing an MoU with Fidor, a European fintech that has successfully developed internationally. Their contribution will be valuable to all our members and partners.”
“Fidor share similar core values to AIFC, such as openness and knowledge sharing,” adds Gé Drossaert, board member and group CCO of Fidor. “The collaboration between our organisations will pave the way for fintech success in the region with a direct impact on the digital economy and financial access.”
The MoU was signed during the launch of the Fintech Summit of the Astana Finance Days in Nur-Sultan.