31% According to a report released by the National Bank of Kazakhstan on April 23, 80% of Kazakh financial market participants use artificial intelligence (AI) in their operations. highest adoption rate, 60%, Observed at the second largest bank.It also became clear that 45% A percentage of participants plan to integrate AI into their operations this year. This indicates a trend towards the increasing use of digital technology in the financial sector.
This data was collected through the following survey: 94 Entity It spans various financial sectors, including secondary banks, microfinance organizations, insurance companies, securities market participants, and entities within the Astana International Financial Center.
The National Bank of Kazakhstan also noted the correlation between the current use of AI technology and further AI investment plans. This suggests that the initial investment and experience gained from these early deployments has strengthened financial institutions' confidence to continue adopting this technology.
In addition to progress in AI adoption, Kazakhstan has achieved notable rankings in global indicators related to innovation and digital competitiveness. The country ranks among the top three in Central and South Asia on the Global Innovation Index.
Moreover, it is positioned as 34th place The International Institute for Management Development (IMD)'s 2023 Global Digital Competitiveness Ranking ranks countries among 64 countries based on their ability and readiness to adopt digital technologies.
