InfoSecBulletin Cybersecurity for mankind
Bangladesh Bank has approved the first two digital banks in the country: Nagad Digital Bank Plc and ACI’s “Kori” Digital Bank Plc. The banking regulator decided to issue letters of intent (LoI) to two digital banks in a board meeting today.
The board also decided to allow bKash of Brac Bank, Digit All of Bank Asia and Digi10 of 10 commercial banks to open digital banking windows after preparing necessary guideline for the window.
AWS Patches Multiple Vulns in WorkSpaces, AppStream 2.0
Malware Trends Review 2024: Ever Recorded Cyber Threats
Botnet Exploits 13,000 MikroTik Devices Abusing Misconfigured DNS
CVE-2024-9042
Code Execution Vulnerability Found in Kubernetes Windows Nodes
Hacker leaked 15k config files and VPN passwords of FortiGate firewall device
Registration open for 1st Agile Cyber Drill 2025
30 Days to Go for FutureCrime Summit 2025
Microsoft January 2025 Patch, 159 Vuls, 10 Critical RCE’s
CVE-2023-37936
Fortinet released update for a critical cryptographic key vuln
Millions of Accounts Vulnerable due to Google’s OAuth Flaw
These three digital banking windows will be approved as they already have banking licenses. The banking regulator will assess Nagad Digital Bank Plc and Kori Digital Bank Plc and then issues LoIs to Smart Digital Bank, Japan Bangla Digital, and North East Digital Bank.
Three committees of the central bank assessed 52 applications for opening digital banks, BB Executive Director and Spokesperson Md Meshbaul Haque told journalists after the meeting presided over by Bangladesh Bank Governor Abdur Rouf Talukder.
The committee shortlisted the names of nine proposed digital banks and placed the list in the central bank’s board meeting.
Of the nine, the Bangladesh Bank board did not take into consideration a digital banking proposal, as it was submitted by an insurance company.
The LOI will define a timeline for digital banks to set up their infrastructure and launch their services. Digital banks won’t have physical branches, sub-branches, or ATM booths, and they won’t support in-person transactions.
The central bank made these guidelines for digital banks public on 14 June this year. Digital banks will follow the governance outlined in the guidelines and be regulated under the Banking Company Act.
