A digital financial platform FinMarket was launched in Kyrgyzstan. The Ministry of Digital Development reported.
The platform was launched by the Union of Banks to accelerate development of the financial market and the process of its digitalization, simplify procedures for obtaining financial services by citizens and entrepreneurs, and create a favorable environment for investment in the financial sector.
FinMarket will allow financial institutions and consumers of financial services, products to interact to perform various transactions in an online format using a cloud-based electronic digital signature.
The partners will be primarily commercial banks, microfinance and insurance organizations, as well as mobile operators and trading firms.
The FinMarket platform operates on the «link up and start working right away» principle. Financial services and products will become more accessible to consumers. An individual will be able to choose a financial product of interest and submit an application, as well as pass identification using a digital signature and open a bank account, receive detailed information about loans and deposits from several banks at once.
