On November 10, 2025, the fourth annual Colvir Banking Conference was held in Ashgabat. It was organized by the international IT company Colvir Software Solutions, one of the largest developers of banking solutions in the CIS and Central Asia.
The event, held at the Archabil Hotel, was a key milestone in the company’s anniversary year, marking 25 years in the market and 17 years of operations in Turkmenistan. Representatives from the Central Bank of Turkmenistan, commercial banks, the Turkmen Post State Enterprise, as well as international organizations and technology companies, participated in the conference.
Denis Yudin, Director of the Business Development Department, opened the business program with a strategic report, “Macrotrends of the Decade and Scenarios for the Future of Finance.” He outlined six key areas that, according to Colvir experts, will shape the financial landscape of the coming years: artificial intelligence as a new infrastructure, asset tokenization, the gig economy, inclusivity, health as a new currency, and a return to local identity.
Senior Presales Manager Alexey Soluyanov discussed digital tools that increase the efficiency of banking operations and enhance the customer experience.
In his presentation, he presented Colvir’s latest developments—the updated Colvir V3 automated banking system, Smart Data Hub solutions, and Security Server 3.1—as well as future development areas, including microfinance products, support for national bank digital currencies, and Islamic financial instruments.
Stanislav Malinin, Head of Presales, presented a report titled “Using AI with Measurable Results and Safely,” dedicated to the practical application of artificial intelligence in the financial sector.
He emphasized that AI is a tool whose effectiveness directly depends on the quality of the data and the objectives being set.
Examples included business process automation, AI-based security monitoring, personalized customer offers, and AI-based services for improving financial literacy.
Special attention was paid to regulatory oversight and the development of hybrid models combining on-premises and cloud services.
According to Malinin, with a consistent approach, Central Asian banks will be able to realize measurable benefits from AI within the first few months of launching pilot projects.
IBM representative Konstantin Punda was the guest speaker, presenting the company’s approach to creating infrastructure for mission-critical applications and implementing generative artificial intelligence (GenAI) into corporate banking processes.
Following the conference, participants noted the high professional level of the presentations and the practical value of the case studies. According to a survey, the key goals of participation were learning about global trends, sharing experiences in AI implementation, and understanding the future development of Colvir’s digital services. Participants emphasized the importance of such meetings for knowledge sharing and discussing industry challenges.
Representatives of Colvir Software Solutions thanked the guests for their active participation and emphasized that the company’s mission extends beyond technological solutions. Colvir actively develops educational initiatives, hosting webinars, Colvir Camp bootcamps, and industry events where banking professionals gain new knowledge and practical skills.
In addition to organizing its own banking conference, Colvir Software Solutions is a platinum sponsor of the International Fintech Forum, taking place in Ashgabat on November 12–13, 2025, under the auspices of the Ministry of Communications and Informatization of Turkmenistan.
As part of the forum, Colvir representatives will take part in several sessions:
On November 12 and 13, Denis Yudin will speak at the plenary sessions “Digital Transformation: Sustainable Development of the Turkmenistan Economy through International Cooperation” and “The Role of Fintech in the Digital Development of Turkmenistan . “
November 13 – Alexey Soluyanov will present a report as part of the session “Basic financial technologies for the digital economy . “
About Colvir Software Solutions
Colvir Software Solutions, founded in the UK in 2000, develops and implements comprehensive IT solutions for banks, postal services, and government financial institutions.
Its portfolio includes automated banking systems, remote banking services, ERP, CRM, treasury, payment, and integration solutions.
Today, 80% of Turkmenistan’s banks use Colvir solutions, and over 90% of the country’s financial flows are processed through the company’s systems.
The company continues to strengthen its position in the region by implementing technological and educational initiatives aimed at fostering a sustainable digital future for Turkmenistan’s financial sector. /// nCa, 12 November 2025 (in cooperation with Colvir Software Solutions)