FINTech, asset liability stressed to offset Covid-19 downturn

Speakers at a webinar said supply chain management of readymade garments, banking and NGOs sectors were disrupted due to the Covid-19 pandemic but the situation has been changed gradually for aggressive venture accompanied by digitalisation, use of FINTech and artificial intelligence.

They also laid emphasis on cautious asset-liability management and repayment of borrowers to bank or NGO loans in due time to keep the economy in the right direction.

The webinar titled “Supply Chain management and logistic Support in Commercial banking service/NGOs in Bangladesh: An Analysis” organized by Dhaka School of Economics (DScE), said a press release today.

Modhumoti Bank Managing Director and Chief Executive Officer Md. Shafiul Azam said bankers are trying to boost the RMG sector and gradually dependence on ICT sector has been raised. He also stressed on the necessity of proper asset-liability management.

Associate Professor of GNVS Institute of Management, India Dr Yashoda Krishna Durge said FINTech should work with technological progress in the banking sector. Besides, informal sectors supply chain management needs to be increased and default culture should be removed by proper logistic arrangements, added Krishna.

Entrepreneurial and macroeconomist Professor Dr Muhammad Mahboob Ali said the pandemic situation greatly hit all the sectors not only Bangladesh but also all over the world. He said appropriate technology use in the RMG sector, as well as banking and NGO sectors, should get priority to overcome the offset of pandemic attack.

Professor Dr Subrata Chattopadhyay of the University of Engineering and Management, India and Rehana Pravin and Sara Tasneem, DScE’s assistant professor, among others, also spoke in this webinar.

Two research papers were presented by post-graduate enterprise development students of Dhaka School of Economics’ 3rd batch in the webinar.

(Source: BSS)