Ether, the unit of cryptocurrency used on the Ethereum blockchain, has given investors a wild ride lately. Its value more than doubled in May, peaked in June at more than $400 an ether, and then lost more than half that value by early this week. That may sound like a bubble bursting.
It’s just a matter of time before all financial institutions move their technology to the cloud. As banks adapt to market changes and new technology landscapes, cloud computing is playing a major role, providing alternative ways to access to core banking technology. The spiraling costs of deploying and maintaining complex in-house legacy
On July 17 Raihan Shamsi, chief executive officer of Accenture Communications Infrastructure Solutions Limited (ACISL), and Purushothama Kadambu, the chief operating officer, held a town hall briefing on to inform the employees of the closure. The global giant and one of the “big four” in professional services, entered Bangladesh in 2013
The thought of bringing out an integrated circuit (IC) card from the wallet and swipe or press it against a card scanner to get into a public transport seems like a far-fetched dream in a city like Dhaka. Especially, considering the current sorry state of crowd-filled, dilapidated public vehicles, the idea
Digital currency bitcoin hit a record high on May 9 as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology, reported news agency Reuters. Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track
Technology has changed the way we interact with companies. Over the past decades, many industries have been disrupted by the likes of Uber, Facebook and Airbnb. The business model of banks, however, seems to have remained unaltered. The question is: will it stay that way? On October 8, 2015, the European
Tower management companies who build, own and operate network towers for various telcos, are a given in mature telecom markets but Bangladesh is getting to see their advantages only now as telcos overcome the initial concerns of sharing tower infrastructure with competitors. Industry experts say telcos can slash operational costs by
The Transparency International Bangladesh (TIB) has expressed deep concerns over government’s recent “important decisions” for the banking and financial sectors in response to the “unimpeded corruption” and “increasing money laundering”. In a statement released on May 9, TIB executive director Dr Iftekharuzzaman called on the government to introduce risk mitigation policy