PLUS №5 (313), 2024
Chief Editor's Column
“Digital Uzbekistan” – how PLUS-Forum transforms the market
For the markets of Central Asia, the PLUS-Forum “Digital Uzbekistan” (formerly “Fintech, Banks and Retail”), to be held in Tashkent on June 12–13, 2024, will, certainly, become one of the most important events of the first summer month.
Cover Story
Main trends of the Uzbekistan market in 2024. On the eve of “Digital Uzbekistan” 2024
On June 12–13, 2024, the International PLUS Forum “Digital Uzbekistan” will be held in Tashkent. The Forum is one of the largest cross-industry events in the Central Asian region, dedicated to key issues of interaction between government agencies, the banking sector and retail.
Artificial Intelligence and Big Data
Artificial intelligence in the financial sector: implementation results
The financial sector has become a key investor in artificial intelligence technologies in Russia. According to the Fintech association, the estimated volume of investments of the largest Russian banks in AI solutions is about $1 billion per year, and the annual profit from their implementation reaches $3 billion. That refers to large market players alone – small financial organizations also use AI, but they can only invest 100-300 million rubles a year in them.
Neural network is a new guarantee of quality service
The capabilities of the GPT neural network are still being studied and tested in all areas, both in business and at the household level. At the same time, it is PSB that became the first bank on the Russian market to introduce a large language model into its communication channels for SMB clients. The technological partner in the project was BSS. Alexander Chernoshchekin, senior vice president and head of the medium and small business unit of PSB, gives further details of the goals and objectives of the project.
Legislation
Non-bank PSP – to have or not to have?
Aliya Yusupova, Digital Law Advisor to Ingosstrakh Bank Board Chairman, Head of Legal Affairs Committee at the Financial Innovations Association, and the columnist of the “Legislation” column, continues her analysis of changes in Russian payment legislation. This time the expert returns to the topic of Non-bank PSP.
We’ve been here for you for 30 years!
Our readers speak!
In 2024, the team of The PLUS Journal, Russia’s first professional publication covering the payments business and retail banking, celebrates its 30th anniversary! On this occasion, we decided to give the floor to the PLUS readers who congratulated us on our 30th anniversary!
FinTech
“Outer space conquistadors” of Elon Musk
Is there a reliable remedy for the onset of new “dark ages”? What can give new momentum to the peaceful development of human civilization? Our regular author Anton Dozhdikov, Ph.D. in political science, a historian and data analyst, discusses the financial and economic consequences of the expected launch of the Starship spacecraft with a full takeoff and landing cycle.
Research
Which banks do consumers choose in Kazakhstan?
The turbulence of the banking system of Kazakhstan in 2023 did not affect the volumes of assets and liabilities of financial institutions. The global trend towards digital innovation and technology has led to the migration of the republic’s banks online, where of special importance is focus on customer experience in order to take a good position in the ranking. The Senteo Inc. Managing Partner Alexey Veretenov tells the PLUS Journal more about these processes.
Exhibitions. Seminars. Conferences
FPS managed to double key indicators in a year
Among the key results of the 11th Technology Conference of NSPK, held in Moscow on May 29, 2024, were the doubled key indicators of the Faster Payment System, reducing fraud and introducing new technologies.
International PLUS-Forum “Payments and Cash Circulation” – meet the first speakers!, PLUS portal (plusworld.ru)
On September 10–11, 2024, market participants will gather in Moscow to discuss the current state and development trends of fintech, banking and mass remote services.
- “Digital Uzbekistan” – how PLUS-Forum transforms the market
- Main trends of the Uzbekistan market in 2024. On the eve of “Digital Uzbekistan” 2024
- Artificial intelligence in the financial sector: implementation results
- Neural network is a new guarantee of quality service
- Non-bank PSP – to have or not to have?
- Our readers speak!
- “Outer space conquistadors” of Elon Musk
- Which banks do consumers choose in Kazakhstan?
- FPS managed to double key indicators in a year
- International PLUS-Forum “Payments and Cash Circulation” – meet the first speakers!, PLUS portal (plusworld.ru)