Kazakhstan develops AI rules for financial sector – The Times Of Central Asia

Kazakhstan develops AI rules for financial sector – The Times Of Central Asia

By Dmitry Pokidaev
Publication Date: 2025-11-17 13:13:00

The Kazakhstan Agency for Financial Market Regulation and Development (ARDFM) plans to create a regulatory framework for the use of artificial intelligence (AI) in the country’s financial sector. The announcement was made by ARDFM Chairwoman Madina Abylkassymova during the 13th Congress of Financiers of Kazakhstan.

According to the regulator, 75% of banks in Kazakhstan are already using AI technologies in areas such as credit scoring, fraud detection, marketing and customer service chatbots. However, the level of acceptance varies considerably: large banks have made significant progress, while medium-sized and smaller institutions are primarily carrying out pilot projects.

Abylkassymova emphasized that the widespread use of AI is imminent and the development of uniform standards and regulatory guidelines is necessary.

“There is currently no specific document regulating artificial intelligence, but one will certainly be introduced,” she said. “The biggest challenges today are…