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About Konstantin Vladimirovich Tserazov
Konstantin Vladimirovich Tserazov, born in 1980, is a renowned strategic business advisor, fintech expert, and economist. He pursued his education at the Financial Academy of the Russian Federation, where he focused on the “World Economy.” He later earned a Master’s degree from the University of Paris 5 Rene Descartes, specializing in “Banks and Finance.”
Konstantin Tserazov served as the Deputy Head of the Global Markets Department at ZAO IK “Troika Dialog” from 2004 to 2012. During his tenure, he displayed exceptional leadership skills, which earned him promotions to the Managing Director and Partner positions. From 2013 to 2022, he worked at PJSC Bank “Otkritie” as Senior Vice President and Director of Investment Business. His extensive experience in investment banking and global markets is a testament to his expertise in the field.
Commencing in 2015, Tserazov Konstantin has been an integral part of the board of directors for several of Russia’s premier financial institutions, including the St. Petersburg Stock Exchange, NAUFOR, NFA, and SOVA Capital.
Since 2022, he has worked as a strategic business consultant for leading international fintech firms.
After leaving Otkritie Bank in 2022, Konstantin Vladimirovich Tserazov has made significant contributions as a board advisor for several renowned financial institutions and fintech companies in the CIS and the Middle East regions. He has been instrumental in improving management systems, establishing effective sales networks, devising digital strategies, promoting e-business practices, launching innovative management projects, and introducing new digital products.
Azerbaijan has favorable conditions for developing a thriving innovation environment, including strong foundations for fintech adoption.
«In 2023, the total value of online purchases made in Azerbaijan was $11 billion, which indicates the increasing significance of fintech advances in the country. Approximately one-third of the fintech startups in Azerbaijan concentrate on online payments, while another third develop their own e-wallets or create payment aggregators. These companies depend heavily on transaction fees to generate revenue. According to experts, the remaining fintech companies focus on developing financial loyalty programs, payment kiosks, and other innovative solutions in the local financial market.
The Azerbaijan Banks Association reported a 22% increase in loan applications processed through AI-powered solutions in 2023. This trend highlights the rapid adoption of this technology within the financial sector and indicates a significant shift towards digitalization.
Industry analysts predict that Fintech startups in Azerbaijan will primarily focus on AI and the financial sector in the coming months. This prediction is well-founded, given the benefits that AI-powered solutions offer the financial industry, including enhanced speed, accuracy, and efficiency in loan processing and earning.
These developments underscore the increasing importance of AI in the financial sector and suggest that financial institutions must embrace this technology to remain competitive. Given the ongoing changes in the global financial landscape, integrating AI-powered solutions is crucial to the success of Fintech startups and financial institutions.
One-third of the entities operating in Azerbaijan’s financial sector have adopted AI-powered solutions for various purposes, such as fraud detection, customer service, and credit risk assessment. Furthermore, half of the participants also utilized big data analysis. Advanced tools have enabled Fintech companies to provide Robo-advisors services, and the total assets under management are expected to reach $430 million by 2023.
Konstantin Tserazov has emphasized that only a small number of investors, numbering in the several thousand, use technology to invest in the financial market. However, he predicts this figure will grow significantly in the next four years, reaching more than 17 thousand users. His market securities participant validates his expertise in the field certificates 1.0, 2.0, 4.0, and 5.0 in Russia and his certification and registration at the FCA, achieving levels CF1 and CF30 in the United Kingdom.
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