{"id":8776,"date":"2025-09-11T09:54:41","date_gmt":"2025-09-11T04:54:41","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/the-central-bank-sets-up-a-fintech-office-and-innovation-hub\/"},"modified":"2025-09-11T09:54:41","modified_gmt":"2025-09-11T04:54:41","slug":"the-central-bank-sets-up-a-fintech-office-and-innovation-hub","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/the-central-bank-sets-up-a-fintech-office-and-innovation-hub\/","title":{"rendered":"The Central Bank sets up a fintech office and innovation hub"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>Strategy, infrastructure, regulatory framework &#8211; everything will be under the control of the new office. The industry is already showing growth: from 24 fintech companies in 2018 to 103 today, with annual investments exceeding <strong>$260 million<\/strong>, four times more than last year. The introduction of open banking, support for startups, and strengthening of digital services can attract even more capital and strengthen Uzbekistan&#8217;s position in the region.  <\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>Establishing a <strong>FinTech office<\/strong> under the Central Bank is intended to define the criteria for the success of fintech projects and coordinate the development of the industry.<\/li>\n<li>Creation of an <strong>innovation hub<\/strong> for startup acceleration, implementation of new ideas, and attraction of investments.<\/li>\n<li>Develop a five-year strategy for fintech development.<\/li>\n<li>Analysis of the legal framework, infrastructure, and personnel potential; attracting experts from Singapore to study international experience.<\/li>\n<li>Plans to support about a <strong>thousand startups<\/strong>.<\/li>\n<\/ul>\n<p><strong>What they say<\/strong><\/p>\n<p>The Central Bank will become the \u201ccoordinator of fintech reforms\u201d, and through the FinTech office, it will determine the criteria for success. The President emphasizes that expanding digital services, banks&#8217; technological capabilities, and systematic support for fintech companies are key to financial market transformation. <\/p>\n<p><strong>Context<\/strong><\/p>\n<p>The fintech market in Uzbekistan has been growing dynamically over the past few years: not only the number of companies but also the volume of investments is increasing. Competition is intensifying in the region: Central Asian and Caucasian countries are actively developing digital finance, crypto services, and open banking systems. Uzbekistan wants not just to catch up, but to become a local leader. Key challenges: staff shortage, incomplete regulatory framework, the need for testing and regulatory \u201csandboxes\u201d.   <\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Shavkat Mirziyoyev approved the creation of a FinTech office under the Central Bank and an innovation hub to accelerate startups and attract investments.<\/p>\n","protected":false},"author":4,"featured_media":8732,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":[],"_sharing_image_fieldset":[],"pin_until":"","footnotes":""},"categories":[2061],"tags":[2081,2118,2124,2143],"class_list":["post-8776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-cb","tag-economics","tag-fintech","tag-investments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Central Bank sets up a fintech office and innovation hub &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"President Shavkat Mirziyoyev approved the creation of a FinTech office under the Central Bank and an innovation hub to accelerate startups and attract investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frank.uz\/en\/news-en\/the-central-bank-sets-up-a-fintech-office-and-innovation-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Central Bank sets up a fintech office and innovation hub\" \/>\n<meta property=\"og:description\" content=\"President Shavkat Mirziyoyev approved the creation of a FinTech office under the Central Bank and an innovation hub to accelerate startups and attract investments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frank.uz\/en\/news-en\/the-central-bank-sets-up-a-fintech-office-and-innovation-hub\/\" \/>\n<meta property=\"og:site_name\" content=\"Frank.uz\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FrankUzbekistan\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-11T04:54:41+00:00\" \/>\n<meta name=\"author\" content=\"Azamat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:site\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azamat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/the-central-bank-sets-up-a-fintech-office-and-innovation-hub\/\",\"url\":\"https:\/\/frank.uz\/en\/news-en\/the-central-bank-sets-up-a-fintech-office-and-innovation-hub\/\",\"name\":\"The Central Bank sets up a fintech office and innovation hub &#8212; 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