A transition to a fully paperless correspondence stage between the financial sector and state institutions will be completed, said Farid Osmanov, Chairman of the Innovation and Digital Development Agency (IDDA), during his speech at the 9th Banking Forum, APA-Economics reports.
According to him, this process is based on expanding the digital ecosystem and updating the “myGov” platform.
F. Osmanov stated that the number of monthly active users of “myGov” has exceeded 800 million, while the total number of users has reached 2 million.
He noted that more than 104 financial institutions have already been integrated into the “Digital Finance” product, which connects the state’s digital infrastructure with the financial sector, and nearly 300 million transactions have been executed through the platform.
Farid Osmanov added that up to 300 million data inquiries per day are carried out by the financial sector for customer identification (KYC – Know Your Customer). The processing of these inquiries and the cleansing of data are fully automated, which enables faster adaptation of banks and state institutions to digital systems.
According to the head of the Agency, the Digital Document Circulation subsystem, which forms the basis of the ecosystem, ensures the full digital acceptance of citizen applications, and several banks have already integrated into this system.
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