Eurasian Countries Consolidate Approaches to AI in the Banking Sector: IBC Meeting in Minsk
On October 30, a meeting of the International Banking Council (IBC) was held in Minsk, chaired by Alexander Murychev, who serves as IBC Chairman, RSPP Vice-President, and Chairman of the Board of the FBA EAC. The central theme of the meeting was the opportunities and risks of using artificial intelligence in the banking system, as well as the experience of its implementation in the Council's member countries.
Opening the discussion, Alexander Murychev noted that the international exchange of experience in the field of AI contributes to a deeper understanding of the risks and the development of mechanisms to minimize them. Participants presented their practices of using AI in scoring, fraud prevention, customer services, personnel training, and increasing the efficiency of internal processes.
The FBA EAC was represented by Executive Director Margarita Fedotova, who delivered a speech on behalf of the Association’s President, Mr. Li Shuobing. In her address, she emphasized the importance of international dialogue on the responsible implementation of AI, building trust, and developing general standards in the financial sector. On behalf of Mr. Li Shuobing, it was proposed that the next meeting of the International Banking Council be held in Shanghai in April 2026 — this initiative received support from the participants.
The meeting was attended by representatives of banking associations from Belarus, Azerbaijan, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, the FBA EAC, and the CIS Financial and Banking Council, as well as representatives of the Bank of Russia, the National Bank of the Republic of Belarus, relevant ministries, and commercial banks.
During the meeting, a cooperation agreement was signed between the Belarusian Banking Association and the Banking Association of Tajikistan. The IBC delegation also visited the High-Tech Park, where a roundtable discussion was held on the regulation of cryptocurrencies, digital assets, and digital rights.