Digital Financial Services Must Expand to Address Pandemic Fallout

Source: The Daily Star

Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry, speakers said at a webinar yesterday.

The coronavirus could be a boon for digital financial services (DFS) and although Bangladesh has already seen early success in this regard, facilitative regulations, a risk management framework, digital infrastructure, effective data analytics, and capacity building are required to move forward, they said.