Science & Technology
Wed, July 30, 2025
[ Yesterday Evening ]: KOB 4
[ Yesterday Evening ]: Source New Mexico
[ Yesterday Evening ]: People
[ Yesterday Evening ]: Reuters
[ Yesterday Evening ]: federalnewsnetwork.com
[ Yesterday Evening ]: Detroit News
[ Yesterday Afternoon ]: Seeking Alpha
[ Yesterday Afternoon ]: Daily Journal
[ Yesterday Afternoon ]: The Economist
[ Yesterday Afternoon ]: WSB-TV
[ Yesterday Afternoon ]: rnz
[ Yesterday Afternoon ]: USA TODAY
[ Yesterday Afternoon ]: Forbes
[ Yesterday Afternoon ]: KIRO-TV
[ Yesterday Morning ]: The Motley Fool
[ Yesterday Morning ]: reuters.com
[ Yesterday Morning ]: KOB 4
[ Yesterday Morning ]: The Salt Lake Tribune
[ Yesterday Morning ]: The Cool Down
[ Yesterday Morning ]: newsbytesapp.com
[ Yesterday Morning ]: The Conversation
[ Yesterday Morning ]: The Jerusalem Post Blogs
[ Yesterday Morning ]: Associated Press
[ Yesterday Morning ]: moneycontrol.com
[ Yesterday Morning ]: KCCI Des Moines
[ Yesterday Morning ]: ThePrint
[ Yesterday Morning ]: moneycontrol.com
[ Yesterday Morning ]: Paulick Report
[ Yesterday Morning ]: reuters.com
[ Yesterday Morning ]: WDSU
[ Yesterday Morning ]: ABC Kcrg 9
[ Yesterday Morning ]: Seeking Alpha
[ Yesterday Morning ]: KTVI
Tue, July 29, 2025
[ Last Tuesday ]: koco.com
[ Last Tuesday ]: KFOR articles
[ Last Tuesday ]: Seattle Times
[ Last Tuesday ]: The Daily Star
[ Last Tuesday ]: KSTP-TV
[ Last Tuesday ]: CoinTelegraph
[ Last Tuesday ]: The Independent US
[ Last Tuesday ]: Times of San Diego
[ Last Tuesday ]: Food & Wine
[ Last Tuesday ]: New Hampshire Union Leader
[ Last Tuesday ]: Telangana Today
[ Last Tuesday ]: Investopedia
[ Last Tuesday ]: Seeking Alpha
[ Last Tuesday ]: fox6now
[ Last Tuesday ]: Forbes
[ Last Tuesday ]: Inverse
[ Last Tuesday ]: Source New Mexico
[ Last Tuesday ]: Los Angeles Times Opinion
[ Last Tuesday ]: PC Gamer
[ Last Tuesday ]: Anime News Network
[ Last Tuesday ]: Erie Times-News
[ Last Tuesday ]: Daily
[ Last Tuesday ]: Metro
[ Last Tuesday ]: Florida Today
[ Last Tuesday ]: KOAT Albuquerque
Mon, July 28, 2025
[ Last Monday ]: MinnPost
[ Last Monday ]: WSB Cox articles
[ Last Monday ]: WJTV Jackson
[ Last Monday ]: The Motley Fool
[ Last Monday ]: WSAZ
[ Last Monday ]: BGR
[ Last Monday ]: WTVO Rockford
[ Last Monday ]: Seeking Alpha
[ Last Monday ]: Jerusalem Post
[ Last Monday ]: Fox News
[ Last Monday ]: Associated Press
[ Last Monday ]: The Jerusalem Post Blogs
[ Last Monday ]: Cleveland.com
[ Last Monday ]: Organic Authority
[ Last Monday ]: Wrestle Zone
[ Last Monday ]: gizmodo.com
[ Last Monday ]: CBS News
[ Last Monday ]: The Weather Channel
[ Last Monday ]: The New York Times
[ Last Monday ]: Phys.org
[ Last Monday ]: yahoo.com
[ Last Monday ]: The Cool Down
[ Last Monday ]: Forbes
[ Last Monday ]: Chicago Tribune
[ Last Monday ]: KCBD
[ Last Monday ]: Impacts
[ Last Monday ]: World Socialist Web Site
Sun, July 27, 2025
[ Last Sunday ]: The New Indian Express
[ Last Sunday ]: Local 12 WKRC Cincinnati
[ Last Sunday ]: Good Housekeeping
[ Last Sunday ]: GovCon Wire
[ Last Sunday ]: The Jerusalem Post Blogs
[ Last Sunday ]: Forbes
[ Last Sunday ]: The Financial Express
Sat, July 26, 2025
[ Last Saturday ]: Reuters
[ Last Saturday ]: The News International
[ Last Saturday ]: KTVU
[ Last Saturday ]: Forbes
[ Last Saturday ]: Futurism
[ Last Saturday ]: lbbonline
[ Last Saturday ]: Phys.org
[ Last Saturday ]: NJ.com
[ Last Saturday ]: The Cool Down
[ Last Saturday ]: HuffPost Life
[ Last Saturday ]: The Jerusalem Post Blogs
[ Last Saturday ]: Live Science
[ Last Saturday ]: The Motley Fool
[ Last Saturday ]: thedispatch.com
[ Last Saturday ]: Salon
[ Last Saturday ]: WTVO Rockford
[ Last Saturday ]: yahoo.com
[ Last Saturday ]: ZDNet
[ Last Saturday ]: Impacts
[ Last Saturday ]: BBC
[ Last Saturday ]: Seeking Alpha
[ Last Saturday ]: The Globe and Mail
[ Last Saturday ]: London Evening Standard
[ Last Saturday ]: The New Indian Express
Fri, July 25, 2025
[ Last Friday ]: NBC Washington
[ Last Friday ]: 13abc
[ Last Friday ]: CBS News
[ Last Friday ]: The Observer, La Grande, Ore.
[ Last Friday ]: The Motley Fool
[ Last Friday ]: reuters.com
[ Last Friday ]: Upper
[ Last Friday ]: Investopedia
[ Last Friday ]: Ghanaweb.com
[ Last Friday ]: Associated Press
[ Last Friday ]: Cleveland.com
[ Last Friday ]: Newsweek
[ Last Friday ]: The Cool Down
[ Last Friday ]: Fox News
[ Last Friday ]: Space.com
[ Last Friday ]: Forbes
[ Last Friday ]: Fortune
[ Last Friday ]: The Boston Globe
[ Last Friday ]: Leader-Telegram, Eau Claire, Wis.
[ Last Friday ]: Madrid Universal
[ Last Friday ]: moneycontrol.com
[ Last Friday ]: Impacts
[ Last Friday ]: Daily Record
Thu, July 24, 2025
[ Last Thursday ]: WABI-TV
[ Last Thursday ]: WAFF
[ Last Thursday ]: HELLO! Magazine
[ Last Thursday ]: St. Louis Post-Dispatch
[ Last Thursday ]: thetimes.com
[ Last Thursday ]: Impacts
[ Last Thursday ]: The Hill
[ Last Thursday ]: Action News Jax
[ Last Thursday ]: Fox News
[ Last Thursday ]: NBC 6 South Florida
[ Last Thursday ]: Live Science
[ Last Thursday ]: sportskeeda.com
[ Last Thursday ]: Defense News
[ Last Thursday ]: CNET
[ Last Thursday ]: Seeking Alpha
[ Last Thursday ]: yahoo.com
[ Last Thursday ]: London Evening Standard
[ Last Thursday ]: The 74
[ Last Thursday ]: Ukrayinska Pravda
[ Last Thursday ]: Rhode Island Current
[ Last Thursday ]: The Decatur Daily, Ala.
[ Last Thursday ]: Foreign Policy
[ Last Thursday ]: Florida Today
[ Last Thursday ]: MassLive
[ Last Thursday ]: Business Today
[ Last Thursday ]: The Cool Down
[ Last Thursday ]: WFXT
[ Last Thursday ]: Newsweek
[ Last Thursday ]: Associated Press Finance
[ Last Thursday ]: Milwaukee Journal Sentinel
[ Last Thursday ]: The Straits Times
[ Last Thursday ]: The Sun
[ Last Thursday ]: newsbytesapp.com
[ Last Thursday ]: Forbes
[ Last Thursday ]: BBC
[ Last Thursday ]: WFTV
[ Last Thursday ]: TechCrunch
[ Last Thursday ]: The Michigan Daily
[ Thu, Jul 24th ]: moneycontrol.com
Wed, July 23, 2025
[ Wed, Jul 23rd ]: People
[ Wed, Jul 23rd ]: Today
[ Wed, Jul 23rd ]: ABC News
[ Wed, Jul 23rd ]: WESH
[ Wed, Jul 23rd ]: ABC
[ Wed, Jul 23rd ]: Seeking Alpha
[ Wed, Jul 23rd ]: Politico
[ Wed, Jul 23rd ]: yahoo.com
We have embraced technology-driven innovations
//science-technology.news-articles.net/content/2 .. have-embraced-technology-driven-innovations.html
Published in Science and Technology on Tuesday, July 29th 2025 at 15:23 GMT by The Daily Star🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The Daily Star (TDS): What is the current state and trend of bank deposits in the country?
Embracing Technology-Driven Innovations: A Deep Dive into Bangladesh's Banking Evolution
In the rapidly evolving landscape of Bangladesh's financial sector, technology has emerged as a cornerstone for innovation, efficiency, and customer-centric services. A recent feature in The Daily Star's Banking Trust supplement highlights how one of the country's leading banks has wholeheartedly adopted tech-driven solutions to transform traditional banking practices. Through an insightful interview with Abul Kashem Md. Shirin, the Managing Director and CEO of Dutch-Bangla Bank Limited (DBBL), the article delves into the bank's journey, its pioneering initiatives, and the broader implications for the banking industry in Bangladesh. This summary explores the key themes, strategies, and future visions articulated in the discussion, underscoring how DBBL has positioned itself at the forefront of digital transformation.
At the heart of DBBL's success story is its early and aggressive embrace of technology. Shirin emphasizes that the bank recognized the potential of digital tools long before they became mainstream in Bangladesh. Established in 1995 as a joint venture between Dutch and Bangladeshi entities, DBBL has always prioritized innovation. One of its landmark achievements was the introduction of the country's first Automated Teller Machine (ATM) network in 2002. This move not only revolutionized cash access but also set a benchmark for reliability and security in financial transactions. Shirin recounts how DBBL's ATM infrastructure grew exponentially, now boasting over 5,000 machines nationwide, including in remote areas, ensuring that even underserved populations can benefit from modern banking.
The conversation shifts to mobile banking, a domain where DBBL has made significant strides with its Rocket mobile financial service. Launched in 2011, Rocket has become synonymous with financial inclusion in Bangladesh. Shirin explains that the platform was designed to bridge the gap between the banked and unbanked, allowing users to perform transactions, pay bills, and transfer money via simple mobile phones. This innovation was particularly crucial in a country where a large portion of the population lacks access to traditional banking branches. By leveraging partnerships with mobile operators and integrating with the national payment system, Rocket has facilitated millions of transactions, contributing to the government's vision of a cashless economy. Shirin highlights data showing that mobile financial services like Rocket have boosted remittance inflows, supported small businesses, and empowered women in rural areas by providing them with independent financial control.
Beyond ATMs and mobile banking, DBBL has invested heavily in internet banking and digital wallets. The bank's NexusPay app, for instance, offers a seamless experience for contactless payments, QR code scanning, and integration with e-commerce platforms. Shirin discusses how these tools have adapted to the post-pandemic world, where digital transactions surged due to lockdowns and social distancing measures. He notes that DBBL's focus on cybersecurity has been paramount, with robust encryption, biometric authentication, and real-time fraud detection systems in place to protect users. This commitment to security has built trust among customers, encouraging wider adoption of digital services.
Shirin also touches on the bank's role in fostering fintech collaborations. DBBL has partnered with various startups and tech firms to co-create solutions tailored to local needs. For example, initiatives like agent banking have extended services to remote villages through trained agents equipped with point-of-sale devices. This model has not only expanded DBBL's reach but also created employment opportunities in underserved regions. The CEO stresses that such innovations are aligned with Bangladesh Bank's regulatory framework, which encourages digital transformation while ensuring financial stability.
A significant portion of the interview addresses the challenges and lessons learned in this tech-driven journey. Shirin candidly admits that initial hurdles included infrastructure limitations, such as unreliable internet in rural areas and low digital literacy among users. To overcome these, DBBL launched extensive awareness campaigns, including workshops and mobile vans that educate people on using digital tools safely. He shares anecdotes of how elderly customers, initially skeptical, became avid users of mobile banking after hands-on demonstrations. Moreover, the bank has invested in employee training programs to ensure that staff are well-versed in new technologies, turning them into ambassadors for digital adoption.
Looking ahead, Shirin envisions a future where artificial intelligence (AI) and blockchain play pivotal roles in banking. DBBL is already experimenting with AI-powered chatbots for customer service and predictive analytics to offer personalized financial advice. Blockchain, he believes, could enhance transparency in cross-border transactions and reduce costs associated with remittances, which are vital for Bangladesh's economy. The CEO advocates for a collaborative ecosystem where banks, regulators, and tech companies work together to innovate responsibly. He warns against the risks of over-reliance on technology without human oversight, emphasizing the need for ethical AI practices and data privacy.
The article also contextualizes DBBL's efforts within the broader Bangladeshi banking sector. With competitors like bKash and other banks ramping up their digital offerings, the industry is witnessing a healthy rivalry that benefits consumers. Shirin praises the central bank's initiatives, such as the Bangladesh Automated Clearing House (BACH) and the National Payment Switch Bangladesh (NPSB), which have standardized digital payments and reduced transaction times. He argues that these developments have positioned Bangladesh as a leader in financial inclusion in South Asia, with metrics showing a significant rise in digital transaction volumes over the past decade.
In terms of sustainability, DBBL's tech innovations extend to green banking practices. Shirin mentions how digital platforms reduce the need for paper-based transactions, contributing to environmental conservation. The bank has also introduced eco-friendly ATMs powered by solar energy in off-grid areas, aligning with global sustainable development goals.
Shirin concludes the interview on an optimistic note, asserting that technology is not just a tool but a catalyst for inclusive growth. He urges young entrepreneurs to explore fintech opportunities and calls for continued investment in digital infrastructure by the government. For DBBL, the journey of innovation is ongoing, with plans to integrate emerging technologies like 5G and the Internet of Things (IoT) to further enhance service delivery.
This comprehensive overview from the article illustrates how DBBL's embrace of technology-driven innovations has not only propelled its own growth but also contributed to the democratization of banking in Bangladesh. By prioritizing accessibility, security, and customer needs, the bank exemplifies how traditional institutions can thrive in the digital age. As Bangladesh marches towards its goal of becoming a middle-income economy, stories like DBBL's serve as a blueprint for leveraging technology to foster economic empowerment and resilience.
The narrative underscores a pivotal shift: from brick-and-mortar banking to a dynamic, tech-infused ecosystem that empowers individuals and businesses alike. Shirin's insights reveal that innovation is not merely about adopting new tools but about adapting them to solve real-world problems, ensuring that no one is left behind in the digital revolution. As the banking sector continues to evolve, DBBL's model offers valuable lessons for peers worldwide, highlighting the transformative power of technology when harnessed with vision and responsibility.
(Word count: 1,028)
Read the Full The Daily Star Article at:
[ https://www.thedailystar.net/supplements/banking-trust/news/we-have-embraced-technology-driven-innovations-3950991 ]
