KSBL held an Insightful Eminent Speaker Series on Pakistan's FinTech Landscape: Current Scenario and Future Outlook - Press Release issued by Karachi School of Business and Leadership.

Karachi -- April 19, 2019 (PPI-OT)

Following is the text of press release issued by Karachi School of Business and Leadership (KSBL)

Quote

KSBL held an insightful Eminent Speaker Series on the Pakistan's FinTech Landscape: Current Developments and Future Outlook. The seminar was conducted by Dr. Jawaid Abdul Ghani (Professor of Strategy and Marketing Research, KSBL), Mr. Sohail Javaad (Director -SBP) and Mr. Saleem Sajjad Ropani (Founder and CEO - Foree).

Dr. Jawaid Abdul Ghani (Professor of Strategy and Marketing Research, KSBL) started the session with brief overview on evolving dynamics of Financial Technology and the impactful transitions it has made over years, in the economy worldwide. Highlighting the importance of Data and Data Analytical tools he shared that these days' data is creating incredible avenues of growth for businesses, specifically the finance sector. He said that through innovative technology in FinTech the transaction size has significantly reduced. Furthermore, he shed light on Big Data, Machine Learning Infrastructure, Block Chains and Mobile Payment Systems.

Highlighting the latest developments of FinTech in China he shared about Taobao Market Platform and how Chatbots there effectively deal with customers to handle their queries. He shared that with advanced mobile payment systems and other digital platforms, through every transaction there is data collected, which is used for making future business decisions.

Commenting on the introduction of multiple advanced payment solutions Mr. Sohail Javaad (Director - SBP) commented that in today's contemporary era FinTech is making great difference in terms of bringing modern payment solutions, particularly in the banking sector. He added that people these days are rapidly switching to the fast payment systems with the launch of much simplified and convenient platforms. Moreover, he discussed about the auditor's policy, security policy and the legal and...

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