21 May 2024, 19:45

Innovations to ensure smart financial services to people: Waseqa

DHAKA, May 21, 2024 (BSS) - State Minister for Finance Waseqa Ayesha Khan
today said that innovations from various offices and agencies under the
Financial Institutions Division would ensure smart financial services to

"Fifteen years ago, no office or department could have thought of
innovations. But, now a good number of innovations have been made possible
due to the Digital Bangladesh under the dynamic leadership of Prime Minister
Sheikh Hasina. Each and every initiative of the financial institutions is
excellent. Now we'll have to move forward setting targets," she said.

The State Minister was addressing a function as the chief guest on innovation
showcasing in participation of the various offices and agencies under the
Financial Institutions Division and selecting best innovative initiative held
at the Ministry of Finance at Bangladesh Secretariat today.

Presided over by Financial Institutions Division Secretary Md Abdur Rahman
Khan, chiefs of the 25 offices and agencies under the Division attended the
function. Chief innovation officer and additional secretary Mofiz Uddin Ahmed
gave the address of welcome.

Waseqa said Father of the Nation Bangabandhu Sheikh Mujibur Rahman had
launched cooperatives for the betterment of the farmers of the country while
his innovative initiative for the betterment of the agriculture and farmers
were much ahead of time.

She also said that Bangladesh has become a role model of development in the
global arena under the transforming leadership of the Prime Minister.

Later, the State Minister visited the innovation initiatives of different

The displayed innovations are: Bangladesh Bank - e-Performance Management
System, Bangladesh Securities and Exchange Commission - Customer Complaint
Address Module (CCAM), Insurance Development and Regulatory Authority -
Insurance info app, Microcredit Regulatory Authority -e-Payment System, Palli
Karma Sahayak Foundation - Digital Training Platform, Social Development
Foundation - Ensuring healthcare at the doorsteps of the beneficiaries
through telemedicine, Bangladesh Municipal Development Fund - Financing for
infrastructural development in municipal areas, Sonali Bank PLC - Sonali e
Wallet, Janata Bank PLC - e-Account Opening, Agrani bank PLC - Online Staff
Pension Management System, Rupali Bank PLC - Loan Originating System (LOS),
BASIC Bank Ltd - "Magpie and e-KYC software "BASIC i-Account", Bangladesh
Development Bank PLC - Online Fund Transfer System, Bangladesh Agricultural
Bank - Remittance Quick Payment System; Rajshahi Krishi Unnayan Bank 'RAKUB
Lens', Ansar-VDP Development Bank - Online Share Management System,
Karmasangsthan Bank - KB Smart Loan System; Probashi Kallyan Bank - PKB Smart
PAY (Mobile Application for Loan Recovery), Palli Sanchay Bank - Voice User
Interface (VUI), Bangladesh House Building Finance Corporation - Smart Home
Loan (sHL), Investment Corporation of Bangladesh - Issuance of income tax
certificates to customers through online, Sadharan Bima Corporation -
Simplifying settlement of fire insurance claim, Jiban Bima Corporation -
Information technology based central fund management, Bangladesh Institute of
Capital Market - Online Article Submission and Publication System, Bangladesh
Insurance Academy - Learning Management System.


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