Cambridge Centre for Alternative Finance names AFSA staff’s capstone project one of best examples in its FinTech and Regulatory Innovation programme
Cambridge Centre for Alternative Finance names AFSA staff’s capstone project one of best examples in its FinTech and Regulatory Innovation programme
04 October 2023 11:45:56

AFSA staff’s capstone project on Digital Asset Service Providers (DASP) has been named one of the best examples in an executive education programme by Cambridge Centre for Alternative Finance and Cambridge Judge Business School. Almas Serikuly, Gauhar Kattabek, Zarina Seidakhmetova, and Zhali Ualiyev participated in the Launch and Celebration of FinTech and Regulatory Innovation (CFTRI) programme, where they welcomed the next cohort of students.

Knowledge gained during the CFTRI programme helped AFSA staff draft the DASP framework which will commence on 1 January 2024. The framework aims to support innovation and fair competition as well as provide investors with significant benefits in terms of cheaper, faster and safer financial services and asset management.

Almas, Gauhar, Zarina, and Zhali have previously won the scholarships by the Asian Development Bank Institute to complete the CFTRI programme, a tutor-led online programme designed for senior policymakers and regulators at central banks, security agencies and ministries of finance.

Chief Executive Officer of AFSA Nurkhat Kushimov: “Achievements like these show that as a regulator AFSA makes a significant contribution to the development of young professionals who receive globally renowned scholarships and re-invest their knowledge in Kazakhstan.”

Dr. Dee Allen, the Head of the Capacity Building and Education Team at Cambridge Centre for Alternative Finance: “We at the Cambridge Centre for Alternative Finance are very proud of the achievements of staff from AFSA on the Cambridge FinTech and Regulatory Innovation programme. Through their capstone project, they have achieved a key objective of the programme which is to deliver a tangible outcome that can catalyse regulatory innovation. Thank you for joining us to welcome the new Cohort 12 participants of the CFTRI programme.”



The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,100 firms from 79 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others.

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan's economy. 


Contact information:

Public Relations and Communications of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

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