BAKU, Azerbaijan, Jan. 27
By Klavdiya Romakayeva - Trend:
Saudi DirectFN Ltd. agreed to start a constructive dialogue and cooperation with regard to considering the possibility of launching fintech into the capital market infrastructure in accordance with the legislation of Uzbekistan, Trend reports referring to the press service of Capital Markets Development Agency (CMDA) of Uzbekistan.
According to CMDA, the ceremony of signing a Memorandum of Understanding between the CMDA and DirectFN Ltd. took place with the assistance of the Ministry of Investment and Foreign Trade of Uzbekistan.
It is reported that the event was held within the framework of the visit of the Saudi delegation to Uzbekistan, headed by the Minister of Investment of the Kingdom of Saudi Arabia - Khalid al-Falih at an official meeting with the Deputy Prime Minister, Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov.
It was noted that the agreement was signed by the Director of the Capital Market Development Agency Atabek Nazirov and Managing Director of DirectFN Ltd. Walid Al Ballaa.
During the ceremony, Atabek Nazirov noted the active development of bilateral relations between Uzbekistan and Saudi Arabia and the interest of DirectFN Ltd. in the development of the capital market of Uzbekistan.
In turn, Walid Al Ballaa noted that partnership with the Agency is a mutually beneficial asset, expressing readiness to introduce the latest topical innovative fintech in Uzbekistan.
DirectFN Ltd. is a subsidiary of the National Technology Group (1984), formed in 2000. It enables digital innovation through fintech platforms BMS: Brokerage Management System, AMS: Asset Management System, CRM: Client Relationship Management System, CMS: Custody Management System, and AML: Antimony Laundry System.
---
Follow the author on Twitter: @romakayeva
