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Karaganda Buketov University Announces the Results of the International Student Research Competition “FinTech Industry: Trends, Challenges, and Growth Directions”
The Department of Finance of the Faculty of Economics at Karaganda Buketov University has successfully concluded the International Distance Student Research Competition “FinTech Industry: Trends, Challenges, and Growth Directions.” The competition brought together talented students, young researchers, and academic supervisors from universities in Kazakhstan and abroad, creating a vibrant platform for scientific dialogue and the exchange of innovative ideas in the field of financial technologies.
The competition was organized to encourage research activity among students, promote creative and critical thinking, and strengthen professional competencies in one of the fastest-growing areas of the global economy. Financial technologies continue to reshape the way financial services are delivered, creating new opportunities while also presenting new challenges for governments, businesses, and society. Against this backdrop, the competition sought to inspire students to explore emerging trends and contribute fresh perspectives to the ongoing digital transformation of the financial sector.
This year, the Organizing Committee received 23 research papers, reflecting the growing interest of students in FinTech and digital innovation. Research papers were submitted by students from the host institution, Karaganda Buketov University, as well as leading universities including the Financial University under the Government of the Russian Federation, Moscow Polytechnic University, Peoples’ Friendship University of Russia named after Patrice Lumumba, Caspian Public University, A.K. Kusainov Eurasian Humanities Institute, and several other universities across Kazakhstan. The diversity of participating institutions significantly enriched the academic discussions and strengthened international academic cooperation.
The competition covered a broad spectrum of contemporary FinTech issues through the following thematic areas:
● Digital Payments and Payment Ecosystems;
● Artificial Intelligence and Big Data in FinTech;
● Digital Currencies and Blockchain;
● Digital Transformation of Financial Organizations;
● FinTech and Cybersecurity;
● RegTech;
● Mobile Finance and Super Apps;
● ESG and Green Finance in FinTech.
The submitted papers underwent a comprehensive peer-review process conducted by an expert panel of academics and specialists. Entries were evaluated based on the relevance of the topic, scientific novelty, originality of ideas, theoretical and practical significance, methodological rigor, analytical depth, and compliance with academic integrity standards.
The quality of the submissions demonstrated the high intellectual potential of today’s students. Many participants presented innovative approaches and practical recommendations addressing pressing issues in digital finance, sustainable development, cybersecurity, and technological modernization. The competition once again confirmed that young researchers are actively contributing to discussions on the future of the global financial system.
Following the evaluation process, the jury awarded First-, Second-, and Third-Degree Diplomas, as well as special nominations recognizing excellence in specific research areas.
The Organizing Committee extends its sincere congratulations to all winners and participants and expresses its deep appreciation to academic supervisors and partner institutions for their valuable contribution to the success of the competition.
The following participants are awarded the First Degree Diploma:
Inkar Gabit, Muyassar Abdullayeva (group УиА-23-2Р)
Research project on the topic: “Development of an ESG Scoring Algorithm for Oil and Gas Companies: A FinTech Approach Based on Logistic Regression”
Caspian Public University
Scientific supervisors: Markhayeva Bayanslu Akhilbekovna, Parmanova Rimma Sultankulovna
Boris Kostyakov (group МЕН24-13), Alexander Shcheglov (group ИД24-2), Kristina Lamueva(group ФБД22-3)
Research project on the topic: “Prospects of Digital Currencies and Blockchain in the Global Financial System”
Financial University under the Government of the Russian Federation
Scientific supervisor: Niyazbekova Shakizada Uteuliyevna
The following participants are awarded the Second Degree Diploma:
Samina Monir, Bhuiyan Md Sohag (group 251– 623)
Research project on the topic: “Sustainable Development Goals Comparison: Bangladesh versus Russia”
Moscow Polytechnic University
Scientific supervisor: Tijani Forgor Alhassan
Imangali Ospanov (group ҚЭТ-24-01)
Research project on the topic: “The Impact of Artificial Intelligence on the Sustainability of the Pension System in the Republic of Kazakhstan”
Eurasian Humanities Institute named after A.K. Kusainov
Scientific supervisor: Kozhakhmetova Asemgul Gizzatovna
The following participants are awarded the Third Degree Diploma:
Ruslan A.R., Tansykpayeva A.M., Tleuova N.E. (group ФН-23-1к)
Research project on the topic: “Development of Open Banking and Open API in the Republic of Kazakhstan”
Karaganda Buketov University
Scientific supervisor: Tishtykbayeva Arnagul Zhakeshovna
Nazerke Adilbayeva (6B40105-“Finance and Analytics” BB 4th year students)
Research project on the topic: “Digital Transformation of the Green Lending System in Kazakhstan: Trends and Strategic Steps”
Atyrau University named after H. Dosmukhamedov
Scientific supervisor: Turdalieva Raikhan Kadylbekovna
Aruzhan Omerkulova, Madina Tynchtykbekkyzy (group ФН-23-2р)
Research project on the topic: “FinTech Technologies in Investment Activities”
Karaganda Buketov University
Scientific supervisor: Kalkabayeva Gaukhar Muratovna
Nomination: "Digital Ecosystems in the Financial Sector"
Bolat Olzhas Nurbekuly (Group KET-24-01)
Academic Supervisor: Asemgul Gizzatovna Kozhakhmetova
A.K. Kussayinov Eurasian Humanities Institute
Nomination: "AI in the Financial Sector"
Anik Md Shahidur Rahman, Zzaman Md Asrafur, Mim Sumiaya Akter (Group 251–623)
Academic Supervisor: Tijani Forgor Alhassan
Moscow Polytechnic University
Nomination: "Digital Currency and Blockchain"
Vladislav Vladimirovich Lubkov (Group FF25-1u)
Academic Supervisor: Olga Vladimirovna Zakharova
Financial University under the Government of the Russian Federation
Nomination: "Modern Trends in FinTech"
Ilya Ivanovich Prokazov (Group FBD22-1)
Academic Supervisor: Ekaterina Ivanovna Dyudikova
Financial University under the Government of the Russian Federation
Nomination: "Digital Transformation of Financial Institutions"
Anastasia Denisovna Banakhovich
Academic Supervisor: Zhanna Sergeevna Chupina
Patrice Lumumba Peoples' Friendship University of Russia
The Department of Finance remains committed to supporting young scholars and strengthening international academic collaboration. By encouraging research, innovation, and knowledge exchange, the competition continues to serve as an important platform for preparing future professionals capable of shaping the digital economy and advancing financial technologies.