Online banking and mobile services are among the most promising areas for the development of Turkmenistan’s financial sector, Denis Yudin, head of business development at Colvir Software Solutions, said in comments to Trend published Thursday.
Yudin said these solutions have become an integral part of the modern banking model, providing access to services anytime and from any device. Digital channels are driving customer base expansion and revenue growth for banks.
Key priorities also include the development of payment infrastructure, including instant and QR payments, international settlements, and ISO 20022 standards. These tools can increase the share of cashless transactions and simplify payments for businesses and individuals.
In the medium term, interest is expected to grow in Islamic banking, investment products and artificial intelligence-based solutions, the report said. The adoption of AI is expected to improve operational efficiency and service quality.
Yudin added that digitalization affects not only customer services but also banking infrastructure, including data management and information security.
Colvir Software Solutions is a UK-based IT company founded in 2000 that develops solutions for banks and financial institutions.
