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'Supporting fintech firms in Rajarhat with right manpower'

Press Trust of India  |  Kolkata 

is committed to strengthening fintech firms operating within the Rajarhat financial hub and is backing them up with the right manpower, a government official today said.

"Fintech is growing rapidly and the state also recognizes this and wants to support it. We want a fintech hub within the financial hub at Rajarhat. We are also working towards creating the right manpower to support this," state IT said at the Fintech Forum 2018 organized by the & Industry (MCCI) here.

The government is focussed on laying emphasis on emerging technologies like cryptocurrencies, bitcoin and blockchain, he said.

technology can be of great use as it has the potential to make the more efficient, quicker and transparent. This technology provides a for its companies and users where information is secured and data transfer can be facilitated with no alterations, said earlier.

United of India CMD P K said the had taken help of a fintech company to lend and monitor small loans which generated excellent results.

MD & said the role of fintech is huge in managing big volumes. He said the number of transactions in the stock exchanges have jumped multiple times in the past few years which could be achieved only due to technology.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, May 12 2018. 17:05 IST