INNOVATION IN FINANCIAL SERVICES: THE CASE OF BANGLADESH

S. S. M. Sadrul Huda, MD. Humayun Kabir, Nurun Naher Popy, Sunny Saha

DOI: http://dx.doi.org/10.12775/CJFA.2020.002

Abstract


The financial services industry of Bangladesh has achieved phenomenal success and advancing day by day for the growth of technology. Bangladesh has long been considered a role model for financial inclusion, first with the emergence of proliferation and prominence of microfinance institutions, especially in rural areas. This paper examines the financial services innovation in Bangladesh by presenting the changes in the industry over the years. The paper also analyses the comparative picture of Bangladesh’s financial inclusion and world financial inclusion. This study is a descriptive study where quantitative data has been collected from secondary sources. The study reflects a very positive picture of financial innovation in Bangladesh. We expect that the study can be used by concerned business people in decision making for the better implication of financial innovation.

Keywords


financial innovation; financial technology (fintech); mobile financial services; financial inclusion; digital financial services

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