The Central Bank of Azerbaijan has joined the Global Financial Innovation Network (GFIN) as an observer aiming to support the development of digital financial solutions and foster innovation, Report informs, referring to the CBA.

Within this membership, the CBA will be able to participate in the network’s initiatives and collaborate with leading global regulators and innovators. This engagement will contribute to aligning the technological advancement of the financial sector with international standards while enhancing financial market stability through the exchange of expertise and best practices.