Colvir Software Solutions Propose a Digital Development Program for Turkmenistan

On September 10 through 11 Ashgabat hosted Hi-Tech Turkmenistan 2024 – an international conference cum exhibition designed to promote high tech and innovation development in Turkmenistan economy. In line with the digital economy development concept Turkmenistan follows the path of integrating the country into the world economic space through state-of-the-art technology implementation. Colvir Software Solutions became a partner and participant of this event vitally important to the country by presenting to the expert community a digital development program at a session captioned The future of financial technologies.

Modern technology transformation is ecosystem in nature. You cannot achieve a major improvement in one area unless other areas are developing at the same rate. This is the reason why we proposed a comprehensive development program that includes extended banking system functionality, QR code-based payment system implementation, postal service automation, e-Government solutions, and a lot more. The global trends our presentation touches upon will help Turkmenistan to become a fully-fledged participant of the world technology transformation, and to introduce major improvements to the public service delivery process.

Denis Yudin

Director, Business Development Department Colvir Software Solutions

A Global UN Research Report on world-wide e-Government development was released on September 17. Kazakhstan was recognized as the eGov solution leader among the Central Asia countries — 24^th position in the world-wide rating. The Kazakhstan e-Government platform provides thousands of online services. The 2023 through 2029 digital transformation concept pusues the goal of improving Government services, speeding-up transformations in public administration and in the economy sector development. The objective is to create digitally developed and inclusive society by leveraging technology and paying especial attention to citizen-oriented services — says the report. At this point in time Turkmenistan occupies line 145 in the world-wide e-Government development rating, and is named among five countries that are in the medium EGDI group (e-Government Development Index) and require dedicated effort to speed up digital development. 

The broad range of exhibits included diverse sectors - from financial technologies and intelligent cities to medicine, transport and renewable energy sources. Especial visitor interest was attracted however by booths dedicated to software development and IT services, software solutions for business and Government entities.

The rapid banking market development stems from the access that customers are gaining to new services and new opportunities. It is evident from talking to bank representatives and fintech market colleagues that there is a need for business process automation, fast payments and fund transfers, remote banking services. All those solutions are available from Colvir, they are constantly updated, they gain new functionality, and they are implemented with our customers in Turkmenistan where 7 of the country’s 11 banks are running on Colvir CBS.

Timur Tlegenov

Colvir Software Solutions Account Manager

The Hi-Tech Turkmenistan exhibition and discussion forum attracted participants from different countries and different industries. Within the scope of diverse sessions speakers and their audiences drew up development directions and paths, and discussed key challenges of the day. 

As a Central Asian country, Turkmenistan is taking an active interest in international experience including that of neighboring countries. Having a multitude of cases and implementation projects in Kazakhstan, Kyrgyzstan, Azerbaijan, Uzbekistan banks, our company on a regular basis demonstrates those in banks where our CBS is installed. However; besides following trends and integrating international experience, it is important to develop national IT community competences. To this end contributions are required from all interested market participants: Government, banks and vendors. Colvir is already following this path by staging educational conferences and webinars for banking industry representatives, but we would welcome additional collaborations in order to create a Turkmenistan fintech community capable of turning into reality all promising ideas that were presented during the forum.

Denis Yudin

Director, Business Development Department Colvir Software Solutions

The Hi-Tech Turkmenistan 2024 conference, and the Turkmenistan Investment Forum (TIF 2024) taking place in parallel are both significant events that bear evidence of Turkmenistan society commitment to technology-rich future, its openness to world experience and its resolution to implement solutions that work best for the good of the country and its people. Colvir would like to thanks Hi-Tech Turkmenistan organizers for this substantive, vivid and extensive event, and would welcome the opportunity to become a permanent partner for such events.

To request a solution demo from Colvir Software Solutions please write to sales@colvir.com.