BSS-23 Financial institutes saw incredible transformation: Jabbar

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BSS-23

JABBAR-DIGITIZATION

Financial institutes saw incredible transformation: Jabbar

DHAKA, Oct 20, 2018 (BSS) – Posts, Telecommunications and Information Technology Minister Mustafa Jabbar today said financial institutes in the country have seen incredible transformation since 2009 due to digitization.

“Digital banking has become a very familiar and popular service among the people. But sadly due to the expansion of digital service in the country, digital crimes have also gone up. So we have to further strengthen digital security of financial institutes,” the minister said.

The minister said these while addressing a function to inaugurate a four-tier data centre of Dutch-Bangla Bank Limited (DBBL) at Dumni, Dhaka.

Bangladesh Bank deputy governor SM Bodiuzzaman, DBBL founding chairman M Sahabuddin and other top officials were present on the occasion.

“Security of state is closely related with the security of the banking sector. So we have to give outmost importance to this. Banking institutes have to become aware themselves to protect them from threats of digital crimes,” Mustafa Jabbar added.

DBBL authorities said the bank has established the four-tier data centre at the cost of around Taka 300 crore to keep the information of their clients safe.

BSS/PR/TRAN/MHR/KU/1910 HRS