Natia Turnava: National Bank of Georgia Introduces Fintech-Friendly Regulatory Framework to Drive Innovation and Growth

"In order to diversify financial services and promote innovation, the National Bank of Georgia has created a transparent, flexible, and fintech-tailored regulatory framework," said Natia Turnava, President of the National Bank, at an international conference on financial technologies organized by the NBG.

According to Turnava, fostering the development of financial technologies and services is one of the National Bank of Georgia’s strategic priorities. A number of important steps have already been taken that will positively impact both the financial sector and the country’s broader economic development. She also highlighted the significance of the NBG’s Fintech Development Strategy, developed with the support of the World Bank.

“The National Bank’s Fintech Development Strategy, prepared with the support of the World Bank, reflects our vision for the growth of Georgia’s fintech ecosystem. We hope today’s conference will contribute to shaping a unified national vision for fintech development, thereby enhancing our competitiveness both regionally and globally,” Turnava said.

The international conference, hosted by the National Bank of Georgia and focused on raising awareness of the fintech development strategy, aimed to foster deeper cooperation between the private and public sectors throughout both the strategy's formulation and implementation.

The event was attended by high-ranking officials, including Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Minister of Justice Paata Salia, Tbilisi Mayor Kakha Kaladze, and Secretary General of the Municipality of Lugano, Switzerland, Robert Bragg. Additional participants included representatives of the financial sector, government agencies, and international organizations.