Azerbaijan discussed cooperation with China in artificial intelligence-based financial supervision, APA-Economic reports.
A delegation led by the Chairman of the Central Bank, Taleh Kazimov, met with the Head of the National Financial Regulatory Administration of China, Minister Li Yunze, as part of a visit to the People's Republic of China.
The meeting discussed recent reforms in the economies of both countries, development trends in the banking and insurance sectors, and risk-based control mechanisms. The parties also exchanged views on the application of artificial intelligence technologies in the control process, innovative solutions, and new approaches in the sector.
During the meeting, opportunities for expanding cooperation between the financial supervision agencies of Azerbaijan and China were considered. It was emphasized that deepening mutual relations in the banking and insurance sectors is a priority for both sides.
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