Use modern ‘fintech’ to protect transactions from cyber attacks: Speakers

Speakers at a programme on Sunday suggested applying state-of-the-art financial technology (fintech) to help protect financial transactions from possible cyber attacks.

They also stressed the need for greater interaction among the stakeholders and sharing knowledge about new financial technology in the present context of global trade and business transformation.

The observations were made at a bankers' dialogue titled "Bank-Fintech collaboration: A win-win situation" held at the National Press Club.

Industries Minister Nurul Majid Mahmud Humayun was present as the chief guest at the dialogue organised by Bangladesh Journalists Foundation for Consumers and Investors (BJFCI).

BJFCI chairman Faruk Ahmed presented a keynote paper at the programme.

Speaking on the occasion, the industries minister said the government has been working on transformation of public services towards building digital Bangladesh.

"There is no alternative but to share knowledge on digital finance at mass level for achieving the digital goal together," he added.

Editor of the Financial Herald Reazuddin Ahmed, president of the National Press Club Md Saiful Alam, director general of Press Institute of Bangladesh (PIB) Zafar Wazed, dean of business studies faculty at Dhaka University Prof Shibli Rubayat Ul Islam, managing director and chief executive officer of Exim Bank Dr Mohammed Haider Ali Miah, MD and CEO of NRB Bank Md Mehmood Husain, CEO of SureCash Dr Shahadat Khan, CEO of bKash Kamal Quadir and chief external and corporate affairs officer of bKash Major General (retd) Sheikh Md Monirul Islam were also present.

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