The Mongolian Fintech Association and The Mongolian Bankers Association have signed a Memorandum of Understanding
The Mongolian Fintech Association and the Mongolian Bankers Association have signed a Memorandum of Understanding.
The parties agreed during the meeting that the cooperation of the two organizations will have a significant impact on the rapid development of the Fintech sector and its key players in the era of the fourth industrial revolution, or the era of electronic transition, in order to efficiently and effectively organize the partnerships between the companies and to deepen the density of finance and technology.
To that end, our two associations are partnering with the Ministry of Digital Development and Communications, the Bank of Mongolia, the Financial Regulatory Commission, and other regulatory bodies to improve the legal and regulatory environment, increase information availability, and reduce industry-specific risks.