Safeguarding Banking Services Growth in Bangladesh
The Daily Observer 2017
6 Pages Posted: 23 Mar 2021
Date Written: December 31, 2017
Abstract
The proposed model should be known as a Voluntary Insurance Programme in the 21st Century market competition of financial sector. Since customer's participation is absolutely voluntary, under the program, insurance will be attached to customer's account, if customer wants it.
Under the programme, the bank will take extra measures for ensuring risk-free on-the-go banking services. In case of remittances, a third party can introduce the program and provide services so that risk-free on-the-go banking can be ensured. The programme will allow transferring the risk away from its premium-payers. With this maxim, the voluntary insurance programme can ensure an enhanced security of digital banking services in Bangladesh and beyond.
Keywords: Digital Banking; Voluntary Insurance
JEL Classification: D0, D11, D15, D18
Suggested Citation: Suggested Citation