Making certain information safety within the finance sector is just not solely one organisation’s accountability however requires dedication from all stakeholders, bankers and fintech service suppliers have mentioned.
For a safe monetary system, everybody from bankers to clients and the federal government has to behave proactively, they mentioned on the 4th Bangladesh Fintech Summit held within the capital on Saturday (26 August).
Within the day’s first panel dialogue, titled “Redefining Banking within the Digital Age: Collaborations, Improvements, Prospects-centric methods,” they emphasised cooperation among the many stakeholders and adjustments of regulatory restrictions.
Hassan O Rashid, managing director & CEO of Prime Financial institution, mentioned information safety is a matter that retains all of the CEOs awake even in the course of the evening. “If clients suppose that banks aren’t capable of shield our information, they are going to cease banking.”
Syed Mahbubur Rahman, managing director & CEO of Mutual Belief Financial institution, mentioned, “Information safety is just not solely the accountability of banks. Prospects also needs to play a job in safeguarding their information.”
Relating to latest incidents of citizen information breaches and monetary scams, former principal secretary Md Abul Kalam Azad mentioned it’s finally the federal government’s accountability to guard information.
“We face some incidents like information breaches. Nonetheless, we’re studying from these incidents. It isn’t like we’ll at all times be victims of cyber scams,” he mentioned.
At a hearth chat in one other session, Kamal Quadir, founder & CEO of bKash, mentioned cellular financing is just not all about money out and in, it additionally drives digital transactions in companies.
“At current, out of our every day 12 million transactions, round 8 million is about digital fee and enterprise settlement,” he mentioned.
Dr Syed Ferhat Anwar, professor on the Institute of Enterprise Administration, Dhaka College, moderated the session.
He emphasised the cooperation and openness among the many banking and MFS service suppliers to broaden a cashless monetary settlement.
The summit was collectively powered by bKash, in affiliation with Mutual Belief Financial institution Restricted, upay and BASIS. The day-long summit, organised by Bangladesh Model Discussion board.
It started with the opening speech of Shariful Islam, founding father of Bangladesh Fintech Discussion board and Bangladesh Model Discussion board.
He mentioned, “The development of Bangladesh’s fintech sector is essential for the Sensible Bangladesh imaginative and prescient. Fintech is an important part of the Sensible Economic system, one of many 4 pillars of the imaginative and prescient of Sensible Bangladesh.”
“This platform is devoted to strengthening the fintech ecosystem in Bangladesh with coverage advocacy and engagements. I firmly imagine at this time’s helpful discussions will open new frontiers for the rising fintech business of Bangladesh,” he added.
