Bsiness Report :
Intellect Design Arena Limited, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, hosted a Thought Leadership event, ‘Design Thinking for Digital Enterprise’, exclusively for the technology-suave bankers in Bangladesh.
The event is held along with Sonali Intellect Limited, a leading financial technology company in Bangladesh and Intellect’s Joint Venture held at a hotel in the capital on Thursday.
Debdulal Roy, Executive Director of Bangladesh Bank (BB) delivered the keynote while Md. Afzal Karim, CEO & MD,Subhash Chandra Das, DMD, Mohammed Rezwan Al Bakhtiyar, CITO of Sonali Bank PLC; Mohammad Jahangir, MD & CEO of Rupali Bank; Md. Abdul Jabber, MD & CEO of Janata Bank PLC, Mohammed Monirul Moula, MD & CEO, Islami Bank Bangladesh Bank PLC, Tanvir A Mishuk, Founder & MD of Nagad; Prof. Kaykobad, Director of Sonali Bank & Independent Director Sonali Intellect; Rubaba Dowla, Country Managing Director of Oracle; Basab Bagchi, CEO, Thakral Information Systems Pvt. Ltd. and S.M Jahangir Akhter, CEO, Sonali Intellect Limited, were spoke.
The event brought together over 50 top leaders from the Bangladesh banking sector, who deliberated that the Digital Enterprise transformation signifies more than just migrating processes to the cloud or creating mobile-friendly interfaces.
The forum discussed the journey towards a Digital Enterprise for banks, starting with technology.
The thought leaders discussed holistic redesign in the panel discussion, ensuring that all operations are easily accessible on various devices and centralised platforms.
Bangladesh’s banking and insurance industry sector will play a significant role in the Smart Bangladesh Vision 2041 – creating a futuristic country.
Bangladesh ranks as the fastest-growing economy in the Asia-Pacific (APAC) region and across all frontier markets, with a 10-year gross domestic product (GDP) compound annual growth rate (CAGR) of 9.1 percent, a July 2023 report by World Economics found. With a July 2022 report from the Global System for Mobile Communications Association (GSMA) projecting that Bangladesh’s smartphone penetration will rise to 63 percent by 2025, digital lenders can reasonably expect the total addressable market (TAM) they serve to balloon over the coming years. With these meteoric rise, banking and financial industry customers will become more demanding and the technology that the banks need to cater to this changing customer can only be done through a digital transformation. This opens a pool of opportunities for banks to invest more in cutting-edge technology and partnerships.
Banks in Bangladesh aspire to focus on enabling sustainable, inclusive, and innovative banking powered by emerging Generative AI and exponential technologies. Building a digital enterprise is the first step to becoming a cognitive enterprise.
At Intellect, we pioneered this significant transformation phase-BankTech (Banking Technology) Wave 5 -to offer banks and financial institutions the opportunity to excel and become Digital and Cognitive Enterprises.
Commenting about the event, Ramanan SV, Director, Sonali Intellect and CEO, India and South Asia, Intellect Design Arena, said, “This confluence of industry visionaries and experts brought together a wealth of ideas on how financial institutions can digitally empower themselves to get ready on becoming the next-gen powerhouses.
Sonali Intellect has been dedicated to delivering innovative solutions to disrupt customer experience.”