Bank

Kori Digital Bank’s Chairman Habibullah N Karim said, the bank will start its operation in October; it’s all preparatory work is going in full swing, we hope soon will get final license. He said, after getting LOI, we were working tirelessly to start the banking operation within the time span …

  Bangladesh Bank has published the “Guidelines on Licensing, Operation, and Regulation of Credit Bureau”. This policy is being created to comply with Article 82 of the Bangladesh Bank Order, 1972. It aims to incorporate modern technologies such as Artificial Intelligence and Machine Learning in credit risk assessment. This will …

Cybercriminals are using Telegram to advertise a new phishing kit called ‘V3B’. This kit is currently aimed at customers of 54 big financial institutions in Ireland, the Netherlands, Finland, Austria, Germany, France, Belgium, Greece, Luxembourg, and Italy.   The phishing kit costs between $130 and $450 per month. It includes …

Digital banking has played a pivotal role in expanding financial access for millions in Bangladesh, showcasing technology’s capacity to uplift lives and create opportunities. The nation’s high mobile penetration rate and the widespread adoption of Mobile Financial Services (MFS) like bKash and Nagad have empowered millions, especially in rural areas, …

The banking industry in Bangladesh is the core driver in economic development of the country. The focus on inclusion and the aim for sustainability have advanced the industry to grow with a faster pace and in a well- structured manner. The industry has undergone many changes on providing the services …

Bangladesh Bank has issued regulations stating that the Managing Directors (MDs) and Deputy Managing Directors (DMDs) of the weaker banks involved in the merger will lose their jobs. This was announced on Thursday, April 4th. The director of the struggling bank resulting from the merger cannot hold any director position …

According to Prothom Alo’s report, the fourth generation Padma Bank is going to merge with the private Exim Bank of Islamic style. This decision was taken unanimously in the Exim Bank Board of Directors meeting on Thursday (March 14). A director of Exim Bank confirmed this information to Prothom Alo …

Mamoon Mahmood Shah, the Managing Director and CEO of NRB Bank, has resigned due to personal reasons. Mamoon resigned on 21 January instead of waiting until his tenure ended on 2 February. Shakir Amin Chowdhury is currently the acting managing director of NRB Bank, according to the bank’s website. “I …

The central bank of Malaysia, Bank Negara, has approved two more digital banks to begin operations. The two banks are Boost Bank, a collaboration between fintech company Boost and RHB Banking Group, and AEON Bank, a subsidiary of AEON Financial Service. In 2022, Bank Negara granted digital banking licenses to …

The European Central Bank (ECB) will test over 100 European banks on their ability to respond to and recover from cyber-attacks. The European Union’s central bank will perform its first cyber resilience stress test on 109 banks under its supervision in 2024. The test will evaluate the banks’ capacity to …