Page 40 - 2018 October Newsletter WEBEL

40 Volume: 22
October 2018 Issue

Eminent dignitaries of the inaugural session on the dais. From left to right Shri Manjit Nayak, Jt. Director, STPI, Shri S. K. Bhattacharyya, IAS,
Additional Secretary, Dept of IT & E, Govt. of West Bengal, Shri Debashis Sen, IAS, Additional Chief Secretary, Dept. of IT & E, Govt. of West Bengal,
Shri Asim Parashar, Executive Director, Fintech, PricewaterhouseCoopers Pvt. Ltd, Shri Kamal Agarwala, SME Council Chairman of Nasscom. Shri
Aninda Chatterjee, MD WBEIDC moderating the session.

Shri Debashis Sen, IAS, Additional Chief Secretary, Dept. of IT & E, Govt. of West Bengal noted that there are very few
states in the country which are having such free knowledge workshop every month on emerging technologies,
organized by the government. This has been making a good vibe in the states eco system for the young boys and girls
who are aspiring to make their footprint in the global technological world.

Quoting from Mr. Jack Ma Yun, the co-founder and
Executive Chairman of the Alibaba Group, who said “today
Fintech is becoming Techfin”, Shri Sen elaborated that this
essentially means that though Fintech has always been a
kind of competitor to the banking system providing a way
to make payment without going to bank, but increasingly
this market is getting saturated. Therefore it is now being
talked about the Techfin. The Information Technology
along with Communication, AI, Blockchain, Cyber Security
all these technology befit there to help the banking
system. It is no longer a bank versus tech but it is tech with
Shri Debashis Sen, IAS, Additional Chief Secretary, Dept. of IT & E
delivering speech bank. The Fintech Knowledge Workshop has a target to
see how technology and finance can come together.

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