Dellsons in association with JS Bank organized a seminar focusing on Emerging digital Ecosystem—its prospects and challenges. Speakers at the seminar ensured the promotion of digital Ecosystem in Pakistan with corporate collaborative efforts and mindset.
Speakers from Pakistan, EU and Africa joined the seminar who had extensive knowledge and expertise in digital Ecosystem. Almost 50 delegates including executives and CEO’s of JS Bank and group of companies attended the seminar.
In order to promote digital Ecosystem in Pakistan, there is a need of collaborative approach from different stakeholders said the Executive Director Banking Policy and Regulation Group State Bank, Syed Irfan Ali.
He further added, parallel to government’s vision to digital financial inclusion in the country, State Bank of Pakistan serves as an enabler which helps organizations and financial institutions to transform themselves into digital services providers.
Collaborative partnerships between Banks and financial technology companies, Fin-Techs and startups are inevitable to reshape the banking landscape of the country which is dire need of future growth. He also unveiled the current efforts of SBP on regulatory framework for introducing digital Bank category in Pakistan to meet the current needs of customers.
Chairmain JS Bank, Ali J Siddiqui said, there are unlimited opportunities in digital ecosystem of the country. Payment systems in Pakistan are now going to digitize with the help of Fin-Tech companies, this is the area where Fin-Tech companies have a lot to do and Banks have not previously invested in that area, leaving us behind in digital sphere.