Faghihi on the Special Meeting on Innovative Application of Technology in Provision of Financial Services and Its Regulations:
Use of technology in financial areas has led to increased quality of banking services
Use of technology in financial areas has led to increased quality of banking services
According to the public relations and information center of the Vice-Presidency for science and technology affairs, Mahdi Faghihi, secretary of information, communication and cyberspace development headquarter, pointed out the importance of fintechs and active startups of the country in the special meeting of innovative application of technology in presenting financial services: the information, communication and cyberspace development headquarter has aimed to establish a workgroup for development and support of creative businesses since this September due to significant development of active fintechs and startups in the financial field.
Faghihi continued: the information, communication and cyberspace development headquarter has held a series of meetings to present fundamental solutions for solving problems in new technologies. In addition to these meetings and inviting researchers from other countries, the policy of other countries is evaluated in this regard.
Secretary of information, communication and cyberspace development headquarter introduced the MDEC company in the presence of other startups, expressing: today, we welcome Beh Huey Ching, one of the founders of Malaysian ecosystem and expert in the area of financial technology, to benefit from his experiences.
Beh Huey Ching pointed out the main issues of this program, asserting: we have aimed to talk about “Block Chain and Fintech” and “Reg Teck”, which is the new technology of policy making in financial area.
He introduced fintech as: a concept created from two financial and technology parts, which are effective factors of various sections, including loans, insurance, monitoring the laws, payment, Islamic finance and investment and deposits.
He also mentioned the issue of technology, conveying: some of technological activities are related to transport, communication, and leisure and transportation (e.g., Tap30 and Snap), the actual samples of which are recognized as fintech.
According to this report, the special meeting of innovative application of technology in presenting financial services and the relevant regulations was held January 22nd 2018 in the presence of active startups in the national area with the support of information, communication and cyberspace development headquarter.
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