Azerbaijan’s CBA reveals purpose of special regulatory regime

The special regulatory regime enables financial institutions and Fintech companies to test financial products and services in a real test mode within a limited time frame and under supervision, Director General of the Central Bank of Azerbaijan (CBA), Ziya Aliyev said at the InsurTech summit in Baku on April 16, Report informs.

"By reducing the time required for a new product to enter the market, innovation and competition in financial markets are encouraged," Aliyev noted.