12Sep

StanChart rolls out first blockchain remittance service

Standard Chartered Bangladesh yesterday rolled out a blockchain-powered remittance service for Bangladeshis working in Malaysia to allow them to send money home on a real-time basis, without any hassle and at lower costs. The bank has teamed up with Ant Group, one of the world's leading...
08Sep

U.S. surveillance laws jeopardize Europeans’ privacy rights

Forging a new data-sharing agreement between the U.S. and European Union may require changes to surveillance laws, officials warned last week, raising the prospect of prolonged uncertainty for companies that relied on a trans-Atlantic agreement for facilitating digital commerce. The EU’s top court ruled in July...
03Sep

Chief Executives Face Rising Accountability for Cyber Lapses

[Source: WSJ PRO] When a company is hacked, it isn’t just security and technology executives who could lose their jobs. Major attacks over the past several years show that even chief executives can be vulnerable. Read more  ------------------------------------------- Our Comments: Chief executives lost their jobs amid cyber...
31Aug

UCB plans to launch new MFS company by Dec

Bangladesh's mobile financial service (MFS) sector is likely to get a big boost with the new foothold of an old market player to serve potential customers independently in paperless banking, company sources said. The United Commercial Bank Limited's (UCB) MFS wallets - U-Cash and U-pay -...
11Aug

NRBs can now park their funds in FDR, DPS

Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS) with local lenders following a central bank directive yesterday. Earlier, the NRBs were allowed to open savings or current accounts with banks but did...
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