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'Fintech needed for digital BD'

FE REPORT | October 18, 2020 00:00:00

There is a serious need for adopting financial technology or fintech in Bangladesh in line with the government's vision to establish a digital Bangladesh and ensure inclusive economic growth.

Experts made the observations during a virtual discussion hosted on Saturday.

They said the necessity of fintech is being deeply comprehended during the ongoing pandemic situation.

Framing a roadmap, enhancing coordination among policymakers and private sectors, and creating awareness are vital for developing the right ecosystem for fintech's growth here, the speakers cited.

A panel discussion on 'How do we develop the right ecosystem for fintech growth in Bangladesh' was hosted on the second day of a two-day 'Bangladesh FinTech Summit 2020'.

Bangladesh Brand Forum hosted the second edition of the event virtually this year amid the outbreak of coronavirus.

Anir Chowdhury, policy adviser to the a2i programme under the PMO, Naser Ezaz Bijoy, CEO of Standard Chartered Bank, Syed Mahbubur Rahman, managing director (MD) and CEO of Mutual Trust Bank, MM Monirul Alam, MD and CEO of Guardian Life Insurance, and Mahbubul Matin, president of Dotlines were panellists.

Sajid Rahman, chief executive officer (CEO) of Telenor Health, moderated the discussion.

Syed Mahbubur Rahman said there is a need for creating awareness of fintech among bankers and clients.

Explaining the necessity of the technology, Mr Rahman said the Covid-19 pandemic has forced many people to learn using some financial technologies.

Anir Chowdhury said there are good examples of adopting different types of technological solutions in many government services.


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