Bangladesh Bank has planned to introduce artificial intelligence (AI) across its operations in order to detect financial fraud, enhance supervision, and improve the accuracy of economic forecasting.
Generative AI will be able to automatically review reports submitted by banks and financial institutions to identify irregularities or inconsistencies, thereby strengthening regulatory oversight and transparency, according to central bank officials.
The move is part of a broader initiative to modernise Bangladesh鈥檚 financial system by integrating Artificial Intelligence (AI), Machine Learning (ML), and Large Language Models (LLMs) into the central bank鈥檚 daily activities.
BB officials said that it will soon formulate a guideline regarding the use of AI.
Officials said this technology will help improve efficiency, policy formulation, and financial stability, marking a major step toward digital transformation in financial governance.
To implement the plan, the central bank has formed a seven-member committee supervised by Muhammad Zakir Hasan, executive director of the Information and Communication Technology Department.
Zakir Hasan told 抖阴精品 that the team will set up in-house advanced AI-based infrastructure, deploy large language models in a secure internal network, and train them using relevant central bank data.
The use of AI will be limited and controlled to avoid data leak and other security risks, he said.
Once tested, the system will be expanded to core departments such as banking regulation, monetary policy, payment systems, and foreign exchange management.
Bangladesh Bank said that AI technology will allow it to analyse vast amounts of economic data more effectively.
It will generate more accurate forecasts for key indicators such as inflation, GDP growth, and foreign exchange reserves.
This will enable the central bank to make timely policy decisions and implement more responsive monetary measures to manage the economy.
AI will also help identify unusual or suspicious transactions that may indicate money laundering or terrorism financing鈥攁reas where traditional monitoring has often been slow or inadequate.
By learning from transaction patterns and instantly flagging abnormal behavior, the system can reduce financial risks and strengthen trust in the banking sector.
The central bank believes that the use of AI in financial supervision will greatly enhance its ability to monitor and regulate banks and non-bank financial institutions.
For example, AI systems will automatically review large volumes of regulatory reports and detect inconsistencies that might otherwise go unnoticed.
This will help ensure that financial institutions follow compliance rules more strictly.
In addition to oversight, AI tools will improve communication with the public.
They will help translate complex circulars and policy documents into simpler language, making financial information easier to understand for ordinary citizens.
The system will also help process complaints and queries from the public more efficiently.
Within the central bank itself, AI will automate many repetitive administrative tasks such as data entry, record keeping, and report preparation.
This will free up employees to focus on analytical and strategic decision-making, improving productivity and efficiency.
Officials said the integration of AI will also boost the country鈥檚 ongoing digital banking and fintech initiatives, making financial services safer, faster, and more customer-focused.
