Category: Business

digital payment fraud threatens insurance sector Digital Payment Fraud Threatens Insurance Sector

Digital Payment Fraud Threatens Insurance Sector

Global insurance companies are facing escalating financial risks from payment-related fraud, with annual losses reaching approximately USD 1.14 million per company. The rapid expansion of digital and mobile payment channels has intensified this threat, prompting experts to warn that delayed detection of fraudulent transactions could escalate into large-scale claims fraud, resulting in significantly higher financial […]
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central bank tightens oversight on large loans Central Bank Tightens Oversight on Large Loans

Central Bank Tightens Oversight on Large Loans

Bangladesh Bank is preparing to introduce a far more stringent supervisory regime for large-scale lending, aiming to address long-standing structural weaknesses, governance lapses and the persistent risk of non-performing loans in the banking sector. The initiative reflects growing concern that irregularities associated with high-value loans have posed disproportionate risks to overall financial stability, largely due […]
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bangladesh bank extends student banking age to 25 Bangladesh Bank Extends Student Banking Age to 25

Bangladesh Bank Extends Student Banking Age to 25

In a major policy shift aimed at fostering financial literacy and supporting higher education, Bangladesh Bank has significantly overhauled the framework for youth accounts. The central bank’s Financial Inclusion Department issued a comprehensive circular on Monday, 9 February 2026, announcing that the age limit for “Student Banking” has been extended to 25 years, up from […]
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governor urges insurance sector to embrace cashless payments Governor Urges Insurance Sector to Embrace Cashless Payments

Governor Urges Insurance Sector to Embrace Cashless Payments

In a decisive move to modernise Bangladesh’s financial ecosystem, the Governor of Bangladesh Bank, Ahsan H. Mansur, has called upon insurance companies to transition towards a fully cashless transaction model. Speaking as the chief guest at the unveiling of the Insurance Development and Regulatory Authority’s (IDRA) new website and Digital Insurance Manual, the Governor emphasised […]
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zurich and cowbell launch rapid ai cyber cover Zurich and Cowbell Launch Rapid AI Cyber Cover

Zurich and Cowbell Launch Rapid AI Cyber Cover

Zurich Financial Services Australia has officially entered a new frontier of digital risk management with the launch of PrimeOne, a sophisticated cyber insurance solution developed in tandem with the AI-native pioneer, Cowbell. This strategic partnership aims to revolutionise the Australian SME and mid-market landscape by slashing the traditional, often cumbersome underwriting process down to a […]
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central bank autonomy protest Central Bank Autonomy Protest

Central Bank Autonomy Protest

Officials of Bangladesh Bank have publicly demanded the resignation of Finance Adviser Salehuddin Ahmed after the government moved to scrap a proposal designed to strengthen the central bank’s autonomy. The demand was voiced at a protest rally held on Monday afternoon outside the central bank’s Building 30, organised under the banner of the Bangladesh Bank […]
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