Artificial intelligence advisor platform to be launched in banks

Issues of transforming the banking system and supporting entrepreneurship in the regions were discussed at a meeting chaired by Uzbekistan President Shavkat Mirziyoyev. The Head of State emphasized the need for leaders to completely change their work style and outlook in the current conditions of intensifying global conflicts. It was noted that positive indicators in the first quarter should not cause complacency.

This year, 140 trillion soums are being directed through banks to develop small and medium-sized businesses. According to analyses, while up to 17-20 jobs have been created per 1 billion soums of credit in regions like Shirin and Uchquduq, this indicator is only 3 in Uchkoprik, Piskent, and Bo'stonliq districts. It was indicated that there is a possibility to create an additional 36,000 new jobs when credits are directed to effective projects.

Responsible officials were tasked with introducing an 'Artificial Intelligence Advisor' platform in banks. This system will analyze project parameters, risks, and market demand for entrepreneurs, providing ready-made solutions. Furthermore, the task of training bank employees at the district level in working with artificial intelligence technologies was set. The aim is to direct credit resources to projects yielding the highest efficiency.