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This paper aims to explore the role of fintech in transforming banking practices on a global scale, with specific focus on Bangladesh.

May 26, 2026Open Access

FINTECH IN BANKING Bangladesh and Global Context

Key Points

This paper aims to explore the role of fintech in transforming banking practices on a global scale, with specific focus on Bangladesh.
Analyzed secondary data from regulators and industry surveys
Conducted a SWOT analysis of fintech in banking
Evaluated risk landscape and performance metrics
Mobile financial services in Bangladesh grew from 58.7 million accounts in 2017 to over 240 million in 2024
Annual transaction value exceeded BDT 14 trillion
Strategic recommendations were provided for banks in digital economies

Abstract

Financial technology (fintech) is reshaping the architecture of global banking. This paper examinesfintech's interaction with banking across payments, credit, remittance, insurance, and trade finance, with afocus on blockchain-enabled smart contracts, biometric authentication, AI chatbots, and mobile money.We compare the global landscape with Bangladesh, where mobile financial services (MFS) haveexpanded from 58.7 million accounts in 2017 to over 240 million in 2024, processing more than BDT 14trillion in annual transaction value. Drawing on secondary data from regulators, industry surveys, andacademic literature, the study evaluates performance, conducts a SWOT analysis, maps the risklandscape, and offers strategic recommendations for banks operating in emerging digital economies.Keywords: Fintech, Digital Banking, Mobile Financial Services, Bangladesh, Blockchain, FinancialInclusion, Open Banking, SWOT.

FINTECH IN BANKING Bangladesh and Global Context

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