The Board of the National Bank has approved the Strategy for the Digital Transformation of regulators in the financial market for the years 2025-2029, taking into account the development of digital assets, technologies, ESG risks, and the changing structure of the financial sector, reports a correspondent from the Kapital.kz business information center citing the press service of the National Bank of Kazakhstan (NBRK).
“The strategy aims to maintain Kazakhstan's leadership in the digital transformation of the financial sector, establish a digital central bank, create equal access to digital infrastructure for financial market participants, implement data-centric approaches to enhance the resilience and effectiveness of supervision, develop technological platforms and modern ICT infrastructure, as well as reduce regulatory burdens through the standardization of data processing processes,” the statement reads.
The strategy includes over 100 projects that cover the development of next-generation infrastructure, the creation of a promising technological base, and modern data management infrastructure, as well as the establishment of a unified IT service center and the implementation of agile management methods.
During the board meeting, issues regarding amendments to regulatory legal acts concerning reporting by second-tier banks and other financial organizations were discussed.