The government has embarked on the design and development of an all-encompassing digital banking system in the country. This is welcome news because the country’s financial institutions need to keep abreast of the developments taking place both at home and abroad. With that in view, Bangladesh Bank has drawn up plans and a roadmap for the banking industry to adopt and adhere to in the near future. All these issues were discussed at an event held recently in Dhaka. In the light of the fast-paced technological changes that are evolving due to the fourth industrial revolution (4IR), it is only logical that the management of commercial banks prepare themselves to integrate their operations in a manner that will help their transition to digital platforms with the aid of appropriate technologies. Although the process of moving to a digital sphere began nearly a year ago, much has happened in the meantime. The advent of artificial intelligence, machine learning, and other disruptive technologies are expected to bring about radical changes in the banking industry. The central bank (BB) has announced that it is working on the concept of a fully-digital bank and a national debit card; and as regulator, BB will […]
Click here to view original web page at thefinancialexpress.com.bd
