KARACHI: "Financial Services & Digital Revolution" by discussed by Ammara Masood, Asif Jaffery and Naureen Hayat chaired by Fintech expert Qasif Shahid. - Staff Photo

Imran Zakir

KARACHI: Total Communication Organized 18th successive consecutive year Conference “Future banking Summit and Exhibition 2020″at local hotel of Karachi to address the Challenges of Digitization road hurdles and how to reach un banked population as the second wave of COVID-19 is about to reach to us.
President & CEO NDC Tech Ms. Ammara Masood said that Government has to introduce certain incentives like Tax rebates, scoring points and other facilitation to peoples to encourage digital modes of Payment as well as Bank has to change their marketing strategies to reach unbanked population in a panel discussion chair by “Fintech Warrior” Qasif Shahid. Who said NADRA will become the game changer if our masses will avail ‘Digital Credits’; we have to face second wave of COVID-19 it created an opportunity for our Microfinance Banks and Fintech to provide the financial services to unbanked population?
CEO E-Ocean Asif Jaffery said that there is the dire need for Customer Oriented solutions and Banks have to penetrate in un banked population different segments by recognising their needs. The infrastructure for Digitization roadmap is almost available for ‘Fintech’. We have to look and at Scanadavian countries where hundred percent population is covered. While the third Panelist Ms. Naureen Hayat Co-Founder, Tez Financial services stressed on ‘Digitize education’ that our Central bank has to encourage Banks to educate masses.
Earlier Welcome address delivered by Naveed Ali Baig, CEO Innovative (Pvt) Ltd and the Keynote Speaker of this Conference is Dr. Erdal Ozkaya, Regional Chief Information Security Officer, Managing Director, Head of Information and Cyber Security, Standard Chartered Bank (UAE)