Advertisment

Take IT to citizens: Sheila Dixit

author-image
CIOL Bureau
New Update

NEW DELHI: The Chief Minister of Delhi, Sheila Dixit, has urged the IT

industry to work towards bringing IT to the Indian citizen. The real challenge

to the IT industry is to bring the benefits of IT to the common man. "Then

and only then can we say that IT has arrived in India," she said. She said

that her government has undertaken various measures to promote IT in the state

and is keen on making it available to the underprivileged sections of the

society. The government has launched a scheme to provide computers to youths in

slums.

Advertisment

The CM was speaking at the launch of Financial Technologies’ Delhi

operations. She welcomed the company’s initiative and said that Delhi was well

placed for the IT revolution given the availability of knowledge workers and its

unique geographic position.

The Mumbai-based Financial Technologies develops software for the financial

sector. Essentially a products company, it has the distinction of being the

first company in India to go live on the NSE through the computer to computer

link (CTCL) solution using ODIN, a product developed in-house. It provides

solutions to financial institutions and intermediaries covering the entire

spectrum of India’s capital and financial markets including debt, equity,

money, market, foreign exchange, commodities and derivatives. Speaking on the

occasion, Financial Technologies CEO Jignesh Shah said, "Despite the small

size and population of the state, its volume of financial transactions is second

only to Mumbai." And this was incentive enough to start its operations in

Delhi, he added.

Financial Technologies had recently launched its end-to-end brokerage

solution under the name FT-e.Cosystem, which integrates all the constituents of

the e-trading architecture namely the stock exchange, the clearing house or the

bank and the depository. But the most interesting aspect of the solution is that

the verification with the clearing house is done in a matter of seconds even

before accepting the order online.

tech-news