Serhii Mamedov Moderated a Discussion on the Future of Ukraine’s Financial Sector

On 21 October, as part of the international summit International Summit “SMART MONEY. DIGITAL BANKING. FINTECH SHIFT.”, organised by the International Financial Club “BANKIR”, a panel discussion was held on the key challenges and prospects for the development of Ukraine’s financial sector.

The discussion was moderated by Serhii Mamedov, Vice President of the Association of Ukrainian Banks and Chairperson of the Management Board of CB “GLOBUS”.

The event brought together representatives of banks, non-bank financial institutions, payment businesses and fintech companies to discuss current issues affecting the development of the financial market amid the war and its further integration into the European financial area.

One of the central topics of the discussion was access to financing for small and medium-sized businesses, which are currently having to address the consequences of war-related risks, adapt to economic uncertainty and seek resources for further growth at the same time.

Particular attention was paid to the digital transformation of financial services, including the use of artificial intelligence to improve the quality and speed of decision-making, the development of payment infrastructure, risk management and strengthening customer trust in financial institutions.

Another important part of the discussion focused on forecasts and possible scenarios for the development of the banking and non-bank sectors in 2027.

The panel discussion featured representatives of the National Bank of Ukraine, MTB BANK, ASVIO BANK, ALTBANK, Moneyveo, iPay.ua, CreditPlus (AVENTUS Ukraine LLC), PSP PLATON and other financial market participants.

Summing up the discussion, Serhii Mamedov emphasised the importance of professional dialogue and joint efforts to find solutions that will help the financial sector not only remain resilient but also create new opportunities for the development of Ukraine’s economy.

“Today, Ukraine’s banking system faces two extremely important tasks: remaining a reliable financial pillar for the country during the war while laying the foundations for future economic growth. It is therefore essential that banks, non-bank institutions, the regulator and technology companies do not operate in isolation, but work together to find answers to new challenges. The future of the financial market depends not only on technology or the amount of available resources, but also on our ability to join forces, support businesses and maintain public trust. This trust is the very foundation on which we are building our financial system”, Serhii Mamedov emphasised.