China-based Shenzhen Kingdom Sci-Tech Company is keen to nourish the Bangladesh’s financial sector especially the capital market through engaging financial technologies and system integration, says its founder president Xu Minbo.
He made the remark while speaking to reporters after a seminar titled ‘The New Future 2019’ held at Shenzhen in China on November 8.
Shenzhen Kingdom engages system integration business. It provides financial security software, system integration for industries such as government, financial, corporate and education as well as information technology devices, its officials said.
It also delivers integrated online and offline customer service solutions, they said.
Almost 50 per cent orders at Shenzhen Stock Exchange and Shanghai Stock Exchange are executed through Shenzhen Kingdom technology, they said.
Minbo said that Shenzhen Kingdom would form joint venture in Bangladesh to help Bangladesh develop financial sectors through its technological innovations.
At the programme, Dhaka Stock Exchange chairman Abul Hashem said that this event would assist to bridge between Chinese and Bangladesh capital market participants through sharing of cutting-edge technological innovations.
‘Digital Bangladesh’, being an integral part of the government’s Vision 2021, envisions nation-wide IT usage for economic and social development purposes, he said.
‘We along with the SZSE and the SSE have taken up several business development and technology collaboration plans to the growing needs of our economy and establishing the DSE as a leading regional exchange,’ he said.
Asian Tiger Capital Partners chairman Ifty Islam said that fintech could be a prime solution to reaching more investors with variety of products with cheap prices and upmost returns.
He said that the DSE could introduce fintech in the capital market to connect brokers and give them more technological support to reach customers who were never reached before.
He said that the Bangladesh premier bourse must do some mechanism to allure customers to execute trading on online platform, and fintech would be the best solution in this regard.
DSE director Minhaj Mannan Emon said, ‘We have failed to cope up with the pace of technological innovations that keeps us behind.’
He said, ‘We can minimise the gap and reach huge customers through installing proper technology.’
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