Pakistan News

Information Technology University (ITU) is openning FinTech center in Pakistan

Information Technology University (ITU) has opened a first ever FinTech center in Pakistan.

The Information Technology University and Digital Financial Services Research (DFSRG) Group, University of Washington (Seattle, USA) have marked a Memorandum of Understanding (MoU) to build up a FinTech focus in Pakistan.

The Vice Chancellor of ITU Dr. Umar Saif signed this deal with Head of DFSRG Dr. Richard Anderson.

Dr. Richard Anderson is also the Professor of Computer Science and Engineering at the University of Washington.

The reason for the exploration focus is to help Pakistan prevail in many related innovation spaces by giving the computerized monetary administration the nation over.

As indicated by the understanding marked, an exploration will be led in territories of digital security, verification, extortion aversion, monetary instruction, money related administration, information examination, and client encounter thinks about in advanced budgetary administrations.

The FinTech additionally expects to advance The FinTech focus will likewise elevate the Government-to-Person (G2P) and Person-to-Government (P2G) installments digitalization in Pakistan.

Image Source: techlist

Dr. Richard Anderson said,

“It was the first ever collaboration in the World with Pakistan, which will be extended to the Africans and other Asian countries. Dr. Umar Saif stated that it would facilitate the Smartphone transactions and establish transparency in the system.”

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