Innovations to ensure smart financial services to people: Waseqa

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DHAKA, 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

people.

“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

f
unction. 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

offices.

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 settlemen
t 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.

Source: Bangladesh Sangbad Sangstha