'NBFIs and Modarabas should explore new tech'.
ISLAMABAD -- Securities and Exchange Commision of Pakistan Chairman Aamir Khan has asked the non banking financial institutions (NBFIs) and Modarabas to explore new technologies to become competitive.
Unveiled the Non-Banking Financial Institutions (NBFIs) and Modaraba Association of Pakistan 2019 Yearbook here on Thursday, he remarked that the immense potential of the industry has not been fully utilised primarily due to lack of awareness in potential segments of society. He urged the NBFI and Modaraba Association of Pakistan to expand outreach to rural areas to get a competitive edge over commercial banks.
Khan added that the impact of IT has revolutionised the financial services sector and Embracing available technologies can provide huge potential for product innovation...
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