Kingdom Technology, a leading financial technology provider in China, showed keen interest to develop Bangladesh’s financial market infrastructures in collaboration with local firms.
China-based Shenzhen Kingdom Sci-Tech Company is keen to nourish the Bangladesh’s financial sector especially the capital market through engaging financial technologies and system integration, says its founder president Xu Minbo.
He made the remark while speaking to reporters after a seminar titled ‘The New Future 2019’ held at Shenzhen in China on November 8.
Kingdom Technology is a financial technology provider listed on Shenzhen and Shanghai Stock Exchanges. With over 8000 employees, the company has provided the digital trading platform to 50 percent brokers in China as well as helping build the technology infrastructure for Shenzhen and Shanghai Stock Exchanges and China’s central bank.
Shenzhen Kingdom engages system integration business providing financial security software, system integration for industries such as government, financial, corporate and education and information technology devices. It also delivers integrated online and offline customer service solutions.
Almost 50 percent orders at Shenzhen Stock Exchange and Shanghai Stock Exchange are executed through Shenzhen Kingdom technology.
Minbo said that Shenzhen Kingdom would form joint venture in Bangladesh to help Bangladesh develop financial sectors through its technological innovations.
At the programme, Dhaka Stock Exchange chairman Abul Hashem said that this event would assist to bridge between Chinese and Bangladesh capital market participants through sharing of cutting-edge technological innovations.
Asian Tiger Capital Partners chairman Ifty Islam said that fintech could be a prime solution to reaching more investors with variety of products with cheap prices and upmost returns. He also said that the DSE could introduce fintech in the capital market to connect brokers and give them more technological support to reach customers who were never reached before.
He said that the Bangladesh premier bourse must do some mechanism to allure customers to execute trading on online platform, and fintech would be the best solution in this regard.