16:24 - 10.06.2026

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June 10, Fineko/abc.az. This is considered one of the main factors that increase the country's risk to international organizations and correspondent banks of the first level.

ABC.AZ informs that Zaur Hajili, Director of the CBA Financial Monitoring & Regulation Policy Department, said this at the X International Financial & Banking Summit in Baku.

He noted that the regulatory authorities operating in our region have already developed a unique practice: "Large amounts of data are being collected, that is, information of the big data type, and their manual analysis is practically impossible in practice. That is why the supervisory authorities are already beginning to widely use suptech.

At the same time, there is rapid development of modern innovative solutions, and the main goal is not to limit these technologies, but to ensure their development in a safe environment. Special attention is paid to such threats as cyber violations and money laundering. In addition, consumer and investor protection is one of the key areas.

The supervisory authorities use special regulatory regimes in which new technologies are tested. This approach creates favorable conditions for introduction and development of innovations in our country."