Safeguarding Banking Services Growth in Bangladesh

The Daily Observer 2017

6 Pages Posted: 23 Mar 2021

See all articles by Dr. Akim M. Rahman Ph.D (USA)

Dr. Akim M. Rahman Ph.D (USA)

Sheikh Hasina University of Science and Technology; United International University - School of Business and Economics; Ohio State University (OSU) - College of Food, Agricultural & Environmental Science; Ohio State University; Ahsanullah University of Science and Technology; American International University - Bangladesh (AIUB)

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

Rahman Ph.D (USA), Akim M., Safeguarding Banking Services Growth in Bangladesh (December 31, 2017). The Daily Observer 2017, Available at SSRN: https://ssrn.com/abstract=3785454

Akim M. Rahman Ph.D (USA) (Contact Author)

Sheikh Hasina University of Science and Technology ( email )

Banshgari
Bhairab, 1208
Bangladesh

United International University - School of Business and Economics ( email )

Sheikh Hasina University of Science and Technology
Bhairab, 1213
Bangladesh
+880 1783339956 (Phone)

HOME PAGE: http://www.shust.edu.bd

Ohio State University (OSU) - College of Food, Agricultural & Environmental Science ( email )

1735 Neil Avenue
Room #103
Columbus, OH 43210
United States
(614) 466-2870 (Phone)
(614) 572-8353 (Fax)

Ohio State University ( email )

77 S. High Street 27th Floor
Office of Strategic Research
Columbus, OH 43215
United States
614-466-4151 (Phone)
614-466-9697 (Fax)

Ahsanullah University of Science and Technology ( email )

Dhaka
Bangladesh

American International University - Bangladesh (AIUB) ( email )

58/B, Road 21
Kemal Ataturk Ave., Banani
Dhaka, Dhaka 1213
Bangladesh

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