Experts at a review workshop opined that all the banks should allocate a certain portion of its annual profit for the ICT budget to adapt the latest digital & technical updates.
Bangladesh Institute of Bank Management (BIBM) organised the workshop titled “IT Operations of Banks.” Addressing the workshop, Nurun Nahar, Deputy Governor, Bangladesh Bank said, the business operations in the banking and financial sector have been increasingly dependent on computerized information systems over the years. It has now become impossible to separate ICT from the business of the banks and the financial institutions.
"For the improvement and progress of the e-banking activities of banks, it is important to understand the current scenario of the IT operations and their challenges", she added.
She said BIBM carried out several studies in the last few years to observe and review the activities performed by ICT division of banks in Bangladesh.
But in case of some banks progress of automation has been slow due to lack of available software, skilled manpower and infrastructure, lack of long-term vision, proper planning and initiatives; shortage of manpower, poor IT budget, weakness of business process reengineering, delay in procurement process and lack of appropriate and advanced training are the main problems.
"BB has issued a new version of ICT security guidelines for banking and financial institutions. If the banking system follows this ICT Security Guideline properly, banks will be able to mitigate IT risk at their tolerance level. Online access to the Credit Information Bureau (CIB) has been successfully started by the Central Bank, Nurun Nahar added.
Speakers also mentioned that installations of Bangladesh Automated Clearing House (BACH), Bangladesh Electronic Fund Transfer Network (BEFTN), National Payment Switch Bangladesh (NPSB), and RTGS are other remarkable events in the history of our financial sector.
Faculty Members of BIBM and Executives from different banks attended the workshop
