AI will be integrated into virtually all capital market processes in Armenia – expert

YEREVAN, March 20. /ARKA/. In Armenia, AI will be integrated into virtually all processes in one way or another, and where to begin depends on the specific objectives and current priorities of financial institutions, according to Arman Aleksanyan, co-founder and CEO of Eleveight AI.

“Several key areas can be identified: analytics, process automation, and risk management. In each of these, AI can significantly improve efficiency and, in some cases, create new opportunities,” he said in an interview with ARKA.

Responding to a question about the potential for Armenia to become not only a consumer but also a regional platform for AI services in the financial sector, Aleksanyan noted that projects that will significantly impact the market are likely already underway.

“There are basic components: energy, computing power, infrastructure, and software.” […] In a broader sense, the country has great potential, not only for implementing specialized projects, but also for developing comprehensive infrastructure solutions for the entire region,” he said.

Responding to a question about whether digital bonds and funds are already a practical tool in the context of a small market or still just a testing ground, the expert described them as an additional tool that could be implemented with appropriate, favorable regulations, but significant changes are not expected.

Speaking about regulated tokenization, Aleksanyan said that from an investor’s perspective, it changes little.

“You can already open a bank account and purchase bonds through an app. With tokenization, the form changes—you acquire a digital asset that essentially represents the same bond,” he explained.

According to him, certain simplifications for issuers are possible, but this raises the question of balancing procedural simplification with risk management.

“With increased regulation, issuing digital instruments could prove comparable in complexity to issuing traditional bonds,” he added.

The full version of the interview can be found at the link.

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