Papuna Lezhava participated in Fintech Forum, a joint event of USAID, National Bank of Georgia, GITA

Papuna Lezhava participated in Fintech Forum, a joint event of USAID, National Bank of Georgia, GITA

22 April, 2021

The forum, hosted by the USAID Economic Security Program in partnership with the National Bank of Georgia and the Agency for Innovation and Technology, was dedicated to the development of the Fintech ecosystem in Georgia.

Vice-Governor of the NBG, Papuna Lezhava attended the forum. He spoke in detail about the importance of innovative models in the financial sector and focused on the projects implemented by the NBG in this direction.

The forum aims to identify the Fintech capabilities in the country in order to promote the growth of the local market.

"The National Bank of Georgia attaches great importance to the development of new financial technologies. Numerous projects have been successfully implemented, including establishment of Financial Innovation Office and Regulation Laboratory. With the development of the digital banking model, the NBG aims to facilitate the development of innovative business models in the country, the diversity of financial products and the better use of data, which ensure the development of a convenient, fast and affordable digital financial ecosystem, adapted to the user's technological infrastructure".- Said Papuna Lezhava, Deputy Governor of the NBG.

During the event, presentations and discussions were held on the findings of the program and the plans of the NBG, the development opportunities of the Fintech sector and the offers of potential collaboration platforms.

Otar Gorgodze, Head of the Financial and Supervisory Technologies Development Department of the NBG, and Vasil Shengelia, Head of the Open Banking Promotion and Credit Data Supervision Division, made a presentation about the Financial Innovation Office and Open Banking.

The forum was attended by the representatives of the private and public sectors, international and governmental organizations, as well as the banking and financial sector, associations and Fintech companies.