Georgia: CIU and FIA sign cooperation memorandum

Georgia: The Caucasus International University (CIU) and the Fintech Association of Georgia (FIA) signed a memorandum of cooperation on December 19, 2023, i.e. Tuesday.

The memorandum aims to develop financial technologies with students’ active involvement and supports joint projects and studies.

The memorandum of mutual cooperation was signed by Kakhaber Kordzaya, the rector of the Caucasus International University (CIU) and the Chairman of the Supervisory Board of “Georgian FinTech Association”, David Kikvidze.

The parties expressed their readiness to cooperate in the fields of education, research, innovation, and entrepreneurship in the fintech sector.

During the day, the presentation of the project “Fintech Laboratory” of the Caucasus International University was held.

The event was led by Marika Kldiashvili, Dean of the Faculty of Business and Technology. The Dean, together with David Kikvidze, Chairman of the “Fintech Association of Georgia”, discussed the activity of creating the university “Fintech Laboratory” and its tasks.

Iako Jikia, Director of Business Development and Operations of United Payment Georgia, presented a presentation about financial technologies in front of the audience. 

Also, they talked about the field: 

  • Head of Pasha / Re-Bank Remote Banking Department Irina Aleksishvili
  • Deputy Executive Director of Eurocredit Irakli Tsurtsumia
  • Representative of “All Pay Way” Mikheil Demetrashvili
  • CCLA – Legal Consulting Agency Partner Ucha Dzimistarishvili

The Administrative/academic staff and CIU’s Faculty of Business and Technology students attended the meeting.

CIU is an educational-scientific institution that supports socio-economic progress and develops values of Georgian and world culture based on modern knowledge. FIA is the first not-for-profit organization representing the interests of fintech companies of all sizes in Georgia. 

FIA organizes projects and events, promotes competence growth among field representatives, holds conferences and educational meetings, and offers licensing services to fintech organizations.

The memorandum of cooperation between CIU and FIA is expected to create new opportunities for the development of the fintech ecosystem in Georgia and foster collaboration between academia and industry.


Zurab Kvaratskhelia

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