Startups presented with successful experience of Acba Bank digital transformation

YEREVAN, July 23. /ARКА/. One of the most anticipated events in the Armenian tech community, Sevan Startup Summit, once again brought together startups, innovators, investors, mentors and tech specialists to communicate in a formal and informal setting and establish new business connections.

As part of the Sevan Startup Summit, startups participate in various seminars, workshops and master classes. In this regard, Acba Bank Deputy CEO, Director of Digital Platforms and Technologies Tigran Simonyan also gave a special speech for startups, talking about the successful experience of Acba Bank digital transformation.

“We shared with young startups the experience of the bank’s digital transformation and all the challenges we have faced since 2017, when we launched the bank’s digital transformation program. Of course, many lessons were learned that can be very useful for young startups so that they do not repeat the same mistakes. This experience will help startups succeed and become large organizations. Of course, digital transformation of business is an ongoing process, and it is necessary to build a viable business model that is ready for adaptation, development and evolution in order to withstand technological waves and develop, achieve new successes,” Simonyan noted.

Acba Bank is also the main partner of the Sevan Agritech Summit, which is held within the framework of the Sevan Startup Summit.

The bank is under the supervision of the Central Bank of Armenia.

spot_img

POPULAR

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

LATEST NEWS

spot_imgspot_imgspot_img