National Settlement Depository (NSD), Russia’s central securities depository, in the future may become a trusted provider of financial and technological services for CIS financial market participants. This idea was generated by participants at BIFF-2018, the Bishkek International Financial Forum held 1 and 2 June 2018 in Kyrgyzstan.
Over the years, the forum has become not just a popular site for sharing experiences and discussing key industry trends, but also an efficient platform for networking and concluding prospective business partnerships. The main topic at this year’s event was “Key Trends in the Financial Sphere.” Special attention was paid to FinTech and cyber security issues.
At BIFF-2018, National Settlement Depository was represented by Sergey Putyatinsky, IT Director, member of the Executive Board, and Alexander Nam, Managing Director for Technological Services. NSD’s goal at the conference was to share experiences in financial technology and to find new opportunities for business development in Central Asia. NSD’s speakers emphasized that the development outlook for Central Asia’s financial sector is based on harmonization and standardization of the region’s financial markets, and in the joint analysis of new technologies required for industry growth.
As part of the forum, NSD carried out several meetings at which depository representatives presented new technological and innovative solutions, and outlined the development outlook. NSD delegates highlighted their company’s experience in ensuring the security of SWIFT in Russia.
Alexander Nam, NSD’s Managing Director for Technological Services, pointed out: “The Central Asian market is a promising one, and it has a great potential for developing financial and technological services for national infrastructure and market participants. We see that our services and expertise are in demand. National Settlement Depository is a financial market infrastructure and technological leader, and our facilities will potentially let us provide high quality services across CIS territory.”