Sunday , June 1 2025

Who apply for the license of Digital Bank in Bangladesh?

Bangladesh Bank has taken the initiative to establish Digital Bank with the aim of providing global information technology-based digital banking services to the people for the purpose of building a ‘Smart Bangladesh’ declared by the Government of Bangladesh.

In this context, Bangladesh Bank has approved the ‘Guidelines for setting up digital banks’ after analyzing the legal framework of the banking system in Bangladesh. The approval of the Digital Bank Guidelines was confirmed in a press release on Thursday (June 15).

Hacker claim Leak of Deloitte Source Code & GitHub Credentials

A hacker known as "303" claim to breach the company's systems and leaked sensitive internal data on a dark web...
Read More
Hacker claim Leak of Deloitte Source Code & GitHub Credentials

CISA Issued Guidance for SIEM and SOAR Implementation

CISA and ACSC issued new guidance this week on how to procure, implement, and maintain SIEM and SOAR platforms. SIEM...
Read More
CISA Issued Guidance for SIEM and SOAR Implementation

Linux flaws enable password hash theft via core dumps in Ubuntu, RHEL, Fedora

The Qualys Threat Research Unit (TRU) found two local information-disclosure vulnerabilities in Apport and systemd-coredump. Both issues are race-condition vulnerabilities....
Read More
Linux flaws enable password hash theft via core dumps in Ubuntu, RHEL, Fedora

Australia enacts mandatory ransomware payment reporting

New ransomware payment reporting rules take effect in Australia yesterday (May 30) for all organisations with an annual turnover of...
Read More
Australia enacts mandatory ransomware payment reporting

Why Govt Demands Foreign CCTV Firms to Submit Source Code?

Global makers of surveillance gear have clashed with Indian regulators in recent weeks over contentious new security rules that require...
Read More
Why Govt Demands Foreign CCTV Firms to Submit Source Code?

CVE-2023-39780
Botnet hacks thousands of ASUS routers

GreyNoise has discovered a campaign where attackers have gained unauthorized access to thousands of internet-exposed ASUS routers. This seems to...
Read More
CVE-2023-39780  Botnet hacks thousands of ASUS routers

Bangladesh Bank instructed using AI to prevent online gambling

The rise of online gambling in the country is leading to increased crime and societal issues. In response, the central...
Read More
Bangladesh Bank instructed using AI to prevent online gambling

251 Amazon-Hosted IPs Used in Exploit Scan for ColdFusion, Struts, and Elasticsearch

Cybersecurity researchers recently revealed a coordinated cloud-based scanning attack that targeted 75 different exposure points earlier this month. On May...
Read More
251 Amazon-Hosted IPs Used in Exploit Scan for ColdFusion, Struts, and Elasticsearch

Zero-Trust Policy bypass to Exploit Vulns & Manipulate NHI Secrets

Recent security research has shown that attackers can weaken zero-trust security frameworks by exploiting a key DNS vulnerability, disrupting automated...
Read More
Zero-Trust Policy bypass to Exploit Vulns & Manipulate NHI Secrets

Evaly E-commerce Platform Allegedly Hacked

Evaly, a Bangladeshi e-commerce platform, is reportedly facing a major data breach that may have exposed sensitive information of around...
Read More
Evaly E-commerce Platform Allegedly Hacked

ALSO READ:

CERT ISSUE SITUATIONAL ALERT ON CYBER THREATS

To keep pace with the world, the country’s financial institutions are also interested in providing technology-based financial services out of conventional service delivery methods.

According to the guidelines, every Digital bank must obtain a license from Bangladesh Bank under Section 31 of the Bank Companies Act, 1991 and follow the provisions of the Bangladesh Payment and Settlement Systems Regulation, 2014 to operate payment services.

Digital Bank will use technology-based artificial intelligence, machine learning, blockchain and other advanced technologies of the fourth industrial revolution to make cost-effective and innovative digital financial products and services accessible to the marginalized population.

Bangladesh Bank has started accepting applications for establishment of digital bank from 21st June which will continue till 1st August.

There have been reports that many applications have already been received for the establishment of digital banks. In this regard, Bangladesh Bank Executive Director and Spokesperson, Zakir Hossain Chowdhury told on Monday (June 26) that our application process has started from June 21 and will continue till August 1.

Zakir Hossain Chowdhury, Executive Director and Spokesperson, Bangladesh Bank

As of today (June 26), no application has been received for the establishment of a digital bank. He expressed hope that the application for the establishment of digital bank will be read in July after Eid-ul-Azha.

 

Check Also

Banglalink

“bCloud” Starts Journey in Bangladesh Targeting Cloud Solutions

Banglalink, the country’s leading digital operator, has launched bCloud, its very own cloud service brand …

Leave a Reply

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