Business Desk :
Executive Committee Chairman of Islami Bank Bangladesh Limited and Bangladesh House Building Finance Corporation’s Chairman Professor Dr. Md. Salim Uddin said that ‘Bangladesh is well on track for adopting Financial Technology (FinTech) for sustainable growth’.
He said this in an ‘Executive Development Program’ organized by Islami Bank Training & Research Academy (IBTRA) on Saturday held through virtually. Mohammed Monirul Moula, Managing Director & CEO of the bank addressed the program as chief moderator. Muhammad Qaisar Ali and Md. Omar Faruk Khan, Additional Managing Directors addressed the program as guest participants. S. M. Rabiul Hassan, Principal, IBTRA presided over the program. Deputy Managing Directors, Chief Risk Officer, CAMLCO, top executives; head of zones and branch incumbents joined the program, said a press release.
Professor Salim said, the FinTech ecosystem in Bangladesh has been growing and is expected to grow in the coming years. The market of digital financial technology in Bangladesh is also growing, he added. Bangladesh is trailing in terms of using technology to automate and digitalize financial activities. According to Light Castle Partners, the FinTech industry in Bangladesh enjoys an unsaturated market bursting with opportunities for cutting-edge and innovative financial services. Despite the increasing adoption of Technology, lack of interoperability remains a major concern that obstructs further growth of Digital Financial Service in Bangladesh, he said.
