Islami Bank Bangladesh Limited to be Converted into Fintech-Based Global Standard Modern Bank

Islami Bank Bangladesh Limited (IBBL), Bangladesh’s private commercial bank, has announced plans to develop its Fintech platform to raise IBBL into a Fintech-based bank adhering to global standards.

Currently, IBBL uses its Fintech platform to authorise advances from branches to headquarters to provide better services to clients. By the end of 2020, management has planned the launch of real time online investment banking services for IBBL.

In this regard, the Chief Executive Officer of IBBL, Md Mahbub-ul-Alam, explained that the bank aims to provide all types of investments and other services via its Fintech platform, with the aim of reducing costs business of doing in Banglad...