"I see that the West is less technologically prepared

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onsult confirm that the fintech market in Kazakhstan follows global trends and is being transformed towards digitalization and increased accessibility of financial services.considersand Timur Turlov, a Kazakhstani billionaire and owner of the international holding company Freedom. His financial company has been operating in the republic for over 10 years, has grown into a large ecosystem, and is also represented in 18 other countries.

for the digital revolution. Thanks albania whatsapp number database to integration with the state, we are now far ahead of the US and other countries, Europe. We have digital mortgages: we can issue a loan in 24 hours - this has become a standard for us. And it will cost us $200, while in the States it will cost $10,000 per client. We are 50 times more efficient. And they do not even have the opportunity to experiment with such services - the state simply does not digitize such a large amount of data, and the companies themselves do not have extensive data analytics about their clients," Turlov explains.

Kazakhstan's Digital Path
Timur Turlov calls Kazakhstan a global laboratory for the financial sector. Fintech includes the use of modern technologies to improve and simplify financial services and transactions. This includes online banking, digital payments, stock trading platforms, and much more. "We can enter the global market with our products and show the future development path for the entire industry," Turlov is convinced.

The businessman first came to Alma-Ata in 2011, and a year later began building a business and the headquarters of a holding company there, the shares of which have been in circulation for four years.are bargainingon the NASDAQ stock exchange. In 2022, he received citizenship of Kazakhstan. According to Timur Turlov, already on his first visit, he saw a fairly well-developed banking system.

“I was surprised that there is such banking here, there are expensive brands, which means there are wealthy clients, but the stock market is not developed at all, there is practically no competition,” he said.Timur Turlovin recentinterview. - I traveled a lot, tried to find a low-competition market. And here turned out to be a very interesting place and time. At that time, discussions about a "people's IPO" began, I saw that the market was just forming and there was an opportunity to become the number one player."

Global market expertise proved to be a unique aspect of Freedom. "Initially, I conducted a lot of meetings myself, and we created a good and competent sales department. Our focus on US sites became our strength, there was a lot of interest in this topic, and we were very motivated to grow quickly, we took on a lot of entrepreneurial risks," he recalls.