InfoSecBulletin Cybersecurity for mankind
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).
Urgent Patch! cPanel, GitLab Flaws Expose Users to RCE, File and Credential Theft
Palo Alto PAN-OS Flaw Enables Root Arbitrary Code Execution
Critical Check Point VPN flaws allow remote code execution attacks
Cisco confirms CVE-2026-20079 flaw in Secure FMC is exploited in attacks
Hackers exploit PaperCut flaws using hundreds of AI agents, compromising 440 servers globally
CISA Says Chinese Firms Extracted Billions of Tokens From Frontier AI Models
Nightmare Eclipse Drops New Microsoft Defender ‘ShieldCrash’ zero-day
cPanel Flaw Lets Hosting Accounts With Mail Privileges Execute Code as Root
FortiSandbox, FortiOS, FortiProxy ZTNA flaws unveil, while Fortigate firewall actively exploited
Microsoft Patch Tuesday September 2026 Fixed 973 Flaws Fixed, 2 Zero-Days
ALSO READ:
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.
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.
