On May 20, the Fintech Evolution conference was held in Ashgabat, organized by Colvir Software Solutions, celebrating its 25th anniversary in the international IT market and 17 years of presence in Turkmenistan. The event brought together professionals from the banking sector, government and postal institutions, universities, and technology clusters. One of the partners of the event was Rocket Tech, a developer of digital solutions and an active participant in banking transformation in Central Asia.

Fintech Evolution became a platform for open professional dialogue on the future of digital technologies in banking, sharing experiences, and showcasing solutions that may become the next point of transformation for the country’s economy.

• The business program of the event included presentations on:
• The digital development roadmap for banks
• Fintech trends: global and regional tendencies
• Use of artificial intelligence and machine learning in automated banking systems
• Improving business metrics through CRM systems in Central Asian banks
• Integration solutions: Smart Data Hub and Security Server 3.1

Denis Yudin, Business Development Director at Colvir:

“The Colvir banking conference is being held in Turkmenistan for the third time, and I’m very glad that we’ve established a tradition of gathering in a professional circle. Today we spoke not only about Colvir products but also about the future: trends, prospects, and new opportunities. We invited partners to make this meeting even more valuable for Turkmen banks. We have a lot of joint work ahead, and many of the fintech trends discussed today may become reality very soon.”

The presentations that sparked the most interest were those on the use of AI technologies in banking systems and Colvir’s integration solutions — Security Server and Smart Data Hub. Bank representatives expressed a strong interest in further exploring these and related topics in upcoming events, including online formats.

Stanislav Malinin, Presale Manager at Colvir Software Solutions:

“We demonstrated how AI and machine learning already help banks increase operational efficiency, reduce risks, and improve customer experience. Together with our colleagues, we discussed promising areas — from intelligent scoring and personalized offers to fraud prevention systems. Our advice: start with practical solutions that show immediate results, and build expertise step by step. If applied consistently, AI will become a competitive advantage and a key part of banking infrastructure in Central Asia in a few years. We also shared global trends in banking and fintech that are highly relevant for Turkmenistan. I’m confident these ideas will be valuable for the country’s digital transformation, and we’re happy to contribute.”

The Fintech Evolution conference is followed by an intensive expert-level training course on Colvir’s banking system by the Colvir Training Center, whose participants also attended the event.

Diyar Lomanov, Rysgal Joint-Stock Commercial Bank:

“Fintech Evolution sparked a wave of emotions and gave much food for thought. We learned about global trends, large-scale technological changes, and how integration and automation are transforming banking. It helped us look at local processes with fresh eyes and understand the challenges ahead. I’m also attending the Colvir training and eagerly await new knowledge from the team to apply in practice.”

During the event, Colvir announced plans for new educational, business, and technological initiatives in Turkmenistan as part of its anniversary year. These include hackathons, internships, and joint projects with universities, IT schools, and tech clusters. The company expressed readiness to support existing initiatives and invited banks and educational institutions into trilateral cooperation.

About the Company

Colvir Software Solutions, founded in the UK in 2000, specializes in the development, implementation, and support of integrated solutions for automating the financial and operational activities of banks, postal services, enterprises, and government institutions.

Over the years, Colvir has developed high-performing products praised by clients. In the last decade alone, over 600 projects have been successfully implemented across the CIS and beyond.

Operating in Turkmenistan since 2008, 80% of Turkmen banks now use Colvir’s IT solutions. Over 90% of the country’s banking financial flows are processed using Colvir products. Among the company’s key goals in Turkmenistan: promoting stable economic growth, creating a banking expert community, and developing modern payment and financial tools.

Business Turkmenistan