Assume for a moment that most of the services legacy financial companies provide today could get competed away as innovators extended reach and scale across the landscape of financial products. If so, big financial institutions will look to re-establish a foothold. Their only sure competitive advantage seems to be the regulatory
Tag: bank
Banks questions about doing digital transformation
CHIEF INNOVATION OFFICER DILEMMA – TOUGH TIME TO BE A BANK
Bank Chief Innovation Officers have a tough balancing act on their hands. They have to help the bank be digitally savvy, establish new markets, and capture new revenue streams and at the same time not place burden on existing business that brings current revenue. In this complex, ever changing banking landscape,
Smartcards in Banking Sector
We are not just the leading CBS provider, we are also ahead as ICT solution provider
We want to build trust in customers by providing bill payment services, even though that is not a big profit making area
Chosen to serve the organization at a critical juncture Tamal Parvez became the chairman of NRB Commercial Bank last year. At the bank’s corporate head office in Motijheel, where Mr Parvez met with Fintech for this interview, he seemed more intricately involved in the day-to-day activities of the bank than
Banks show exemplary performance in disbursing agricultural loan
Specialized, state-owned and private commercial banks, including foreign commercial banks operating in the country, have already disbursed 88 per cent agriculture and non-farm rural credit in past 10 months from July to April 2017-18 financial year. The schedule banks have disbursed a total of Tk 17,952.89 crore till April while the
BB ISSUES GUIDELINE FOR ILLITERATE CUSTOMERS
Banks, with their spic and span appearances sometimes daunt customers, especially the illiterate ones. In a bid to make things easier for them, the Bangladesh Bank (BB) in last month has issued a guideline for illiterate customers so that they can easily withdraw cash from banks through cheque. The central bank
DIGITAL PAYMENTS IN BANGLADESH
The Dawn Digitization at service level requires an infrastructural upgrade first. The doorway opened for digital payments in Bangladesh, during 2011-2012 when NPSB (National Payment Switch Bangladesh) and BEFTN (Bangladesh Electronic Fund Transfer Network) were introduced. Even though some might refer to the emergence of ATM and banking card during 90s
‘WE ANTICIPATE EXPONENTIAL GROWTH, WITH ZZTL ACQUIRING INTERNATIONAL CLIENTELE AND REACHING ALL LOCAL BANKS IN THE NEXT 5-YEAR’
ZZTL or Zara Zaman Technology Ltd. has emerged as one of the fastest growing suppliers and service providers for alternative delivery channel for banks. Its strategic partnerships with international suppliers and manufacturers have enabled it to play an important role in the banking sector, particularly through introducing cash recycler machine