The central banks of Azerbaijan and Georgia discussed the possibilities of applying artificial intelligence-supported systems in practice, EDnews reports, citing the National Bank of Georgia (NBG).

According to the NBG, the delegation of the Central Bank of Azerbaijan (CBA) visited the NBG as part of a trip to Georgia.

During the visit, employees of the National Bank of Georgia told the CBA delegation about the existing experience and practice in the field of risk-based supervision, combating money laundering and financial technologies. At the same time, the automated control of risk limits implemented at the National Bank of Georgia and the possibilities of applying artificial intelligence-supported systems in practice were discussed.

It was noted that these meetings are an important step towards deepening the partnership between the central banks of the two countries and will contribute to the development of risk-based supervision mechanisms on both sides.

The information states that such working meetings are important for the central banks of both countries and ensure the strengthening of regional relations in the field of financial stability.