A memorandum of cooperation was signed between the Azerbaijan’s first bank, Kapital Bank, and the Innovations Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan. The signing ceremony, held at Baku ASAN xidmət № 7, was attended by Chairman of the Board, Chief Executive Officer of Kapital Bank Farid Huseynov and Director of the Innovations Center Vusal Rustamov.

After completing all the necessary integrations within the framework of the document, citizens will be able to take an online queue at ASAN xidmət through the digital bank Birbank and pay fees for public services on the spot, directly through the mobile app.

During their speeches, the parties expressed deep appreciation for the collaboration between institutions. "We value the strong partnership that exists between our organizations,” stated Farid Huseynov. "This collaboration is pivotal, as it enables us to extend innovative solutions to a broader audience in Azerbaijan. As you are aware, Kapital Bank serves over 5 million customers. Ensuring our clients have access to top-notch, convenient, and swift banking services stands as one of our fundamental objectives. In recent years, we have undertaken numerous initiatives to digitalize our banking services, augment non-cash transactions, and promptly meet the diverse needs of our clientele. None of these achievements would have been possible without the integration of cutting-edge technological solutions and innovations. What is truly heartening is the positive reception these innovations have garnered from our customers, propelling the rapid digital transformation of our industry.”

Expressing deep appreciation for such a collaboration, Vusal Rustamov, the Director of the Innovations Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan, emphasized the long-term and productive partnership with Kapital Bank. "Our longstanding collaboration with Kapital Bank has been both enduring and successful,” he remarked. "This memorandum opens up new avenues for us to implement innovative solutions. All these innovative and mobile solutions are geared towards enhancing the experience for our customers. I firmly believe that working together with Kapital Bank, we can provide the people with even more extensive, efficient, and comfortable opportunities.”

Along with the signing ceremony, the parties got acquainted with the activities of the ASAN xidmət center, the INNOLAND Incubation and Acceleration Center, the ASAN Center for Innovative Development, the Bilim Bakı Center, as well as the iLab innovation laboratory. Then further cooperation within the framework of the memorandum was discussed.