Finance minister AH Mahmood Ali said that the government would introduce a credit scoring system utilising artificial intelligence and machine learning technology to facilitate loan services from these digital banks.
鈥楢 credit scoring system utilising artificial intelligence and machine learning technology will be introduced to facilitate loan services from these digital banks. As a result, it will be possible to identify fake and anonymous borrowers very easily and the loan processing will be much easier for the genuine borrowers,鈥� he said.
The finance minister said this while placing around Tk 7.97 lakh crore national budget for FY25 at Jatiya Sangsad on Thursday.
In his speech, Mahmood said that as part of the initiative to develop 鈥楽mart Bangladesh,鈥� announced by the government of Bangladesh, letters of intent were issued on October 25, 2023, for two digital banks- Nagad Digital Bank PLC and Kori Digital Bank PLC.
鈥楾hese digital banks aim to provide information and technology-based banking services to the people. Plans are underway to increase the number of digital banks in the future,鈥� he added.
The Bangladesh Bank on June 3 approved a banking licence for Nagad Digital Bank PLC.
