Govt to tie up with Chinese firm

For financial sector development

FE Team | Published: December 18, 2019 23:25:57

The government is planning to form a strategic partnership with Kingdom Engine International - a leading Chinese firm - to transform services in the financial and smart urbanisation sectors, reports BSS.
Chief Executive Officer of Kingdom Engine International Leagan Ling met with State Minister for Information and Communications Technology (ICT) Zunaid Ahmed Palak at his ICT Division's office in the city to discuss the issues, a media release said.
Managing Director of Bangladesh Hi-Tech Park Authority (BHTPA) Hosne Ara Begum; Policy Adviser, IT-ITES Sami Ahmed; Project Director of Bangladesh Hi-Tech Park Authority A N M Safiqul Islam and Asian Tiger Capital Partners Chairman Ifty Islam were present, among others.
During meeting, Ling said the Kingdom Engine wanted to contribute to the key building blocks of digital government, industry promotion, connecting Bangladesh, talent development and knowledge transfer and customise software solution for Bangladesh.
"We want to make a partnership with Bangladesh government and local companies to develop software solutions for Bangladesh and other international markets," he added.
Zunaid Ahmed Palak said the ICT Division will form a strategic partnership with the Kingdom Engine International to take their cooperation in digitisation of financial services and smart urbanisations.
Kingdom Engine International, a Chinese supplier of software and technology services with having US $10 billion market capital, five Research and Development (R & D) centers and 8,000 employees - 60 per cent of them are developer and programmer, has formed joint venture (JV) with Asian Tiger Capital Partners.
They are working on three different areas in Bangladesh - Financial Technology (Fintech) capital market, digital transformation in banking and insurance and smart city and smart health. The major shareholders of Kingdom are Tencent, JD.Com, Pingan insurance and Hong Kong
Later, Ling met with ICT Secretary N M Zeaul Alam, BCC Executive Director Parthapratim Deb and LICT Project Director and Director General of Digital Security Agency Md Rezaul Karim.