BAKU, Azerbaijan, July 17. The launch of the “Investments” section is planned based on the mobile application of Leobank (Azerbaijani digital bank), Vugar Namazov, director of digital activities and projects at investment company Unicapital, told Trend.
According to him, this direction is developed all over the world.
“The joint product (Leobank and Unicapital) for investments on the Leobank mobile application platform is one of the first solutions on the Azerbaijani market, the launch of which is planned in the near future. I would like to note that this product was developed based on Open Banking financial technology,” Namazov said.
“It is well known that banks cannot provide investment services and investment companies cannot provide banking services. The common solution of this common product is the technology through which we have been able to combine our solutions and create investment opportunities based on mobile Leobank application,” Namazov noted.
He pointed out that the platform is almost ready to launch.
“The launch of the platform is planned for soon. We have already started receiving applications from citizens who wish to become users of this service,” he added.
According to Namazov, there are plans to integrate shares and securities of foreign companies into the application.
“Relevant work in this direction has already been done. Initially, clients will be able to buy and invest in US companies using the Leobank platform, also access crypto markets,” Namazov also added.