Central Bank of Azerbaijan Embraces Artificial Intelligence Technologies

Baku: The Central Bank of Azerbaijan is expanding the use of artificial intelligence technologies in its operations, Deputy Chairman of the Central Bank of Azerbaijan Vusal Khalilov said during his speech at the 10th International Finance and Banking Summit held in Baku, APA-Economics reports. According to Azeri-Press News Agency, AI-based products are being developed within the institution with due consideration to security requirements, and significant results have been achieved in this area. Khalilov emphasized that the Central Bank is extensively broadening the use of artificial intelligence. He highlighted the success achieved in product development, noting improvements in both quality and speed while ensuring all security considerations are addressed.