Archive Site news Career Contacts
Go To The Main Page
Lit Rus

04/24/2018  BankExpo 2018: A Breakthrough in the FinTech Development in Uzbekistan

The Uzbekistan Banking Association Chairman Bakhtiyar Khamidov and Penki Kontinentai Board Chairman Idrakas Dadašovas

Lithuanian ASHBURN International and BS/2 companies took part in the annual BankExpo 2018 banking services, technologies and equipment exhibition in Tashkent last week. Both companies belong to the Penki kontinentai group and cooperate with The Common Republican Processing Center (CRPC) of Uzbekistan. In Tashkent they displayed innovative banking and retail equipment as well as specialized software solutions for the local market.

The region banks representatives, including the Uzbekistan Banking Association Chairman Bakhtiyar Khamidov visited the common BS/2, ASHBURN International and CRPC stand. During the visit Mr. Khamidov spoke about the importance of a favorable investment climate so that banks, software developers and other market players could successfully implement high technologies for the benefit of Uzbekistan's people.

In BankExpo 2018, the Penki Kontinentai offered various banking hardware from the renowned Diebold Nixdorf, such as the unique CS4060 cash recycler with currency exchange and face recognition functions. ASHBURN International also presented TransLink.iQ solution for transaction processing and POS terminal network management.

"The Uzbekistan banking industry develops at breakneck speed: today we offer such solutions, which are a technical novelty even for many European countries, but the local market is quite ready for their successful application. We are glad we can contribute to this beautiful country’s financial development," Idrakas Dadašovas, Penki Kontinentai Board Chairman said.

The forum program included the "Banking and Financial Sectors Digital Transformation" (InnoBanking.UZ) conference, in which representatives of banks and insurance companies, experts in the field of digital financial services from Uzbekistan, Portugal, France, Russia and Kazakhstan, took part. This conference was an excellent opportunity to discuss the problems, strategies and prospects of the Uzbek banking sector. The Uzbekistan Banking Association as well as the Central Bank and other government structures organized the event.

"We see the Uzbekistan market attractiveness and hope to expand our contacts with local businesses and banks. This exhibition allowed us to get acquainted with the latest local achievements in the banking sector, as well as with technologies and products offered by competitors," Emil Musayev, BS/2 Sales Department Head said.

The Common Republican Processing Center (CRPC) of Uzbekistan, the Penki kontinentai partner, kindly provided the platform for our demonstration stand. CRPC promotes the advanced banking information technologies and electronic payment instruments nationwide. CRPC is also responsible for UZCARD national payment system processing, transactions data privacy and security.

"We actively support the government and our association’s strategy for the implementation of banking innovations, we are looking for and applying the latest approaches and technologies so that our financial industry develops and uses solutions that meet the highest world standards," Akhor Makhmudov, CRPC General Manager said.

Over the years, the exhibition has proved itself as a solid platform for the banking IT achievements. BankExpo 2018 was aimed to promote Uzbekistan experience in transforming national credit and financial institutions, introducing innovations and increasing confidence from business and ordinary people alike.

  04/20/2018  Investing in your own peace of mind: how video surveillance solutions help ensure banks security
  04/18/2018  Cash Management.iQ: estimating the price of CIT operations
  04/16/2018  Innovative Banking Technologies and Equipment at BankExpo 2018
  04/12/2018  The present-day future. 3 myths about video banking
  04/10/2018  Representatives of ASHBURN International visited the largest single national processing center in Uzbekistan
  04/05/2018  ASHBURN International Invested Over €1m in Its POS Terminal Network Upgrade
  04/05/2018  EcoVadis Silver Rating Granted to BS/2
  04/04/2018  TransLink.iQ Introduced in the UK
  03/15/2018  The BS/2 installed first ATMs in Latvia supporting contactless cards
  03/15/2018  The World's Largest Software Developers Laid Foundation for Common SSL Certification Standards
  03/12/2018  Ingenico Introduces Innovative Payment Solution for Small and Medium-Sized Businesses
  03/09/2018  Over €2m Invested in Penki Network
  03/08/2018  In search of the perfect POS-solution. Penki Kontinentai Group visited EuroCIS 2018
  03/06/2018  How to protect ATM from jackpotting: Vynamic Terminal Security
  03/01/2018  4 upgrades that made ATMeye.iQ the best solution for ATM video security in 2017
  02/27/2018  ATMeye.iQ Installed in Vietnamese Major Bank’s ATMs
  02/22/2018  BS/2 among the Strongest Lithuanian Companies
  02/21/2018  "Internet today it’s an ecosystem that stimulates your constant improvement", says Idrakas Dadašovas
  02/19/2018  Lithuania Participates in Digital Signatures and E-Business Security System Development
  02/15/2018  Penki Kontinentai Ties with Azerbaijan: Business and Beyond
  02/15/2018  Penki Kontinentai: €3.5 Million in Profit in 2017
  02/12/2018  Skynet Fiber Optic Internet Provider Becomes Penki
  02/09/2018  BS/2 participated in U.S. Largest Banking Technologies Conference
  02/08/2018  Looking Into the Future: Glimpses from NRF 2018 Retail's Big Show
  02/07/2018  Penki kontinentai and Farnell Discussed Prospects for Cooperation in Belarus
  01/30/2018  BS/2 Becomes ATM Service Market Leader in Kazakhstan
  01/24/2018  ATM Terminal Security Issues Discussed in Vilnius
  01/18/2018  BS/2 Georgia Staff Trained at Ingenico
  01/11/2018  ProfIT Expands Its Services To Video Surveillance and Cloud Video Storage
  01/10/2018  Penki Kontinentai Develops Business Links with Uzbekistan
  12/22/2017  Our Cooperation’s Main Task Is the Creation of Solutions for Specific Business Tasks, Says VisionLabs CEO Khanin
  12/15/2017  Another Gold Medal for ATMeye.iQ
  12/14/2017  Connected Commerce: a Common Future for Banks, Retailers and Customers
  12/05/2017  Penki Kontinentai Presents One Team, One Group Campaign
  12/01/2017  BS/2 and VisionLabs introduce the next generation of interbank services
  11/21/2017  International Conference of Banking and Retail Technologies IN TOUCH BAKU 2017
  11/14/2017  Bankers and Financiers Competed For the BFI Tennis Cup For the 10th Time Already
  10/31/2017  Lithuanian ATMeye.iQ Software Installed into 9,000 U.S. ATMs
  10/27/2017  Skynet Fiber Optic Network Celebrates its 19th Anniversary
  10/16/2017  Penki Kontinentai Wins Again in "Blossoming Vilnius" Contest
  09/20/2017  The future of banks: customer service bots and multipurpose terminals?
  08/23/2017  "Service Desk.iQ" evaluated in the International Market
  08/04/2017  Modern "talking ATMs“ - for the blind and visually impaired
  07/25/2017  Cash Management.iQ: Additional Replenishment Control
  07/20/2017  BS/2 Partnering with Symphony EYC Retail Solutions Developer
  07/14/2017  The Improved SmartSafe.iQ: Expanded Functionality, a New User Interface
  07/07/2017  Georgian Liberty Bank Interested in Lithuanian Banking Solutions
  07/04/2017  Skynet First in Lithuania Tested 10 Gbps Broadband Internet Connection
  06/30/2017  Lithuanian Government Institutions Rely on Penki Kontinentai Expertise
© Penki Kontinentai 1996-2018. All rights reserved