M. Munkhjavkhlan, Referent, Information Technology Division

Throughout the world, services in all sectors are being digitalised; and processes, software, and information systems developed by artificial intelligence. More particularly, blockchain big data, and cloud technology to leading technological progress and innovative solutions in the financial sector. Currently, the Financial Regulatory Commission is using the following systems: 

- FINA, to receive and processes financial statements from regulatory agencies.

- E-Licensing, to receive applications and requests for license (and other permits) from regulated entities).

- ERP (Enterprise Planning system).

- Risk assessment system.

To accomplish FRC’s goal of complete digitalization, the first major task is to develop and introduce a system to replace FINA; a system that will provide greater more opportunities (based on Big Data technology). This initiative will require a digital transformation program within the Commission. 

We are pleased that the Strengthening Fiscal and Financial Stability project provides the FRC with opportunities to receive consulting services from local consultants and support with pressing IT issues like the above. 

Strengthening Fiscal and Financial Stability Project, Room 205 United Nations Street 8/2 4th khoroo Chingeltei district Ulaanbaatar-15160 Mongolia
+976-70120582
training@sffs.mn