Thursday, December 27, 2018

Adopt latest technology, financial institutions told

Kathmandu, Dec. 23:
Governor of the Nepal Rastra Bank (NRB) Chiranjibi Nepal on Sunday said that the central bank was committed to enhancing financial inclusion through the use of technology.

"Without the use of the latest financial technologies, transformation in the banking and financial sector would be incomplete," he said while addressing a conference on 'Transformation of human capital for a digital world'.

He urged the banks and financial institutions (BFIs) to adopt the latest technology for the fast and reliable service delivery, and also prepare themselves to fight with the problems generated with the adoption of innovations.

Rapidly changing technology and proliferation of financial institutions have demanded the transformation of the human capital as well, he said.

Managing Director of Banking, Finance and Insurance Institute of Nepal (BFIN),  and the organiser of the event, Dr. Binod Atreya said that the conference was organised to learn the trends in technology and digital development shaping the banking and insurance businesses in the future.

"The conference has been a platform to learn the digital transformation and the emerging security threats, risks, mitigation strategies and developing capabilities for the insurance sector," he said.

On the occasion, BFIN signed two separate Memorandum of Understandings (MoUs) with Risk Management Association of India and Care Advisory Research and Training Limited to run certified courses jointly, share knowledge and skills and organise conferences.

About 200 senior officials from various BFIs attended the conference while experts from Nepal and India facilitated various workshop and discussion sessions.

Published in The Rising Nepal daily on 24 December 2018. 



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