Wednesday , April 2 2025

Digital Bank in Bangladesh to Use AI Detect Fake Loans

In his budget speech for the fiscal year 2023-24, Finance Minister AHM Mustafa Kamal announced the launch of a digital bank. He said that the bank would be established to expand and accelerate efforts at financial inclusion.

A committee of Bangladesh Bank has been working on the establishment of the digital bank. The committee has completed the outline of the bank and the minister hopes to launch it in the next financial year.

Check Point said BreachForum post old data

Israeli cybersecurity firm Check Point has responded to a hacker who claimed to have stolen valuable information from its systems....
Read More
Check Point said BreachForum post old data

Apple Warns of 3 Zero Day Vulns Actively Exploited

Apple has issued an urgent security advisory about 3 critical zero-day vulnerabilities—CVE-2025-24200, CVE-2025-24201, and CVE-2025-24085—that are being actively exploited in...
Read More
Apple Warns of 3 Zero Day Vulns Actively Exploited

24,000 unique IP attempted to access Palo Alto GlobalProtect portals

GreyNoise has detected a sharp increase in login scanning aimed at Palo Alto Networks PAN-OS GlobalProtect portals. In the past...
Read More
24,000 unique IP attempted to access Palo Alto GlobalProtect portals

CVE-2025-1268
Patch urgently! Canon Fixes Critical Printer Driver Flaw

Canon has announced a critical security vulnerability, CVE-2025-1268, in printer drivers for its production printers, multifunction printers, and laser printers....
Read More
CVE-2025-1268  Patch urgently! Canon Fixes Critical Printer Driver Flaw

Within Minute, RamiGPT To Escalate Privilege Gaining Root Access

RamiGPT is an AI security tool that targets root accounts. Using PwnTools and OpwnAI, it quickly navigated privilege escalation scenarios...
Read More
Within Minute, RamiGPT To Escalate Privilege Gaining Root Access

Australian fintech database exposed in 27000 records

Cybersecurity researcher Jeremiah Fowler recently revealed a sensitive data exposure involving the Australian fintech company Vroom by YouX, previously known...
Read More
Australian fintech database exposed in 27000 records

Over 200 Million Info Leaked Online Allegedly Belonging to X

Safety Detectives' Cybersecurity Team found a forum post where a threat actor shared a .CSV file with over 200 million...
Read More
Over 200 Million Info Leaked Online Allegedly Belonging to X

FBI investigating cyberattack at Oracle, Bloomberg News reports

The Federal Bureau of Investigation (FBI) is probing the cyberattack at Oracle (ORCL.N), opens new tab that has led to...
Read More
FBI investigating cyberattack at Oracle, Bloomberg News reports

OpenAI Offering $100K Bounties for Critical Vulns

OpenAI has increased its maximum bug bounty payout to $100,000, up from $20,000, to encourage the discovery of critical vulnerabilities...
Read More
OpenAI Offering $100K Bounties for Critical Vulns

Splunk Alert User RCE and Data Leak Vulns

Splunk has released a security advisory about critical vulnerabilities in Splunk Enterprise and Splunk Cloud Platform. These issues could lead...
Read More
Splunk Alert User RCE and Data Leak Vulns

The digital bank will be a fully online bank that will offer a variety of banking services, including savings accounts, loans, and investments. It will be open to all citizens of Bangladesh, regardless of their income or location.

ALSO READ:

Bitdefender Introduces GravityZone Security for mobile

The launch of the digital bank is part of the government’s efforts to modernize the banking sector and make it more accessible to all Bangladeshis. The government believes that the digital bank will help to reduce the number of fake and anonymous loan  in the banking sector and make it easier for businesses and individuals to access credit.

Credit Scoring System to be Introduced

The finance minister also announced the introduction of a credit scoring system. The system will use artificial intelligence and machine learning technology to assess the creditworthiness of borrowers. This will help to reduce the risk of lending to borrowers who are unable to repay their loans.

The credit scoring system will be voluntary for borrowers. However, the government expects that most borrowers will choose to participate in the system, as it will make it easier for them to obtain loans.

Anonymous Loan

The finance minister also spoke about the issue of anonymous loan. Anonymous loan are loans that are taken out in the name of someone other than the true borrower. These loans are often used for illegal or fraudulent purposes.

The government is working to crack down on anonymous loan loans. The central bank has recently tightened the rules on loan approvals. The government is also working to improve the coordination between different government agencies to track down anonymous borrowers.

Digital Banking and Credit Scoring

The launch of the digital bank and the introduction of the credit scoring system are two important steps in the government’s efforts to modernize the banking sector. These initiatives will help to make the banking sector more accessible to all Bangladeshis and reduce the risk of lending to borrowers who are unable to repay their loans.

Check Also

zero-click

WhatsApp patched zero-click flaw exploited in spyware attacks

WhatsApp has patched a zero-click, zero-day vulnerability used to install Paragon’s Graphite spyware following reports …

Leave a Reply

Your email address will not be published. Required fields are marked *