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Innovation In Financial Services: The Case Of Bangladesh

Author

Listed:
  • S.S.M. Sadrul Huda
  • MD. Humayun Kabir
  • Nurun Naher Popy
  • Sunny Saha

    (East West University,Bangladesh
    East West University,Bangladesh
    East West University,Bangladesh
    East West University,Bangladesh)

Abstract

The financial services industry of Bangladesh has achieved phenomenal success and advancing day by day for the growth of technology. Bangladesh has long been considered a role model for financial inclusion, first with the emergence of proliferation and prominence of microfinance institutions, especially in rural areas. This paper examines the financial services innovation in Bangladesh by presenting the changes in the industry over the years. The paper also analyses the comparative picture of Bangladesh’s financial inclusion and world financial inclusion. This study is a descriptive study where quantitative data has been collected from secondary sources. The study reflects a very positive picture of financial innovation in Bangladesh. We expect that the study can be used by concerned business people in decision making for the better implication of financial innovation.

Suggested Citation

  • S.S.M. Sadrul Huda & MD. Humayun Kabir & Nurun Naher Popy & Sunny Saha, 2020. "Innovation In Financial Services: The Case Of Bangladesh," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 9(1), pages 31-56.
    • Handle: RePEc:cpn:umkcjf:v:9:y:2020:i:1:p:31-56
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    References listed on IDEAS

    as
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    5. Nur Alam Siddik & Gang Sun & Yanjuan & Sajal Kabiraj, 2014. "Financial Inclusion through Mobile Banking: A Case of Bangladesh," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 4(6), pages 1-7.
    6. Bilkis Sultana & Mahbubar Rahman Khan, 2017. "Are Mobile Financial Services Promoting Financial Inclusion in Bangladesh? An Assessment Study," Working Papers id:11914, eSocialSciences.
    7. W. Scott Frame & Lawrence J. White, 2004. "Empirical Studies of Financial Innovation: Lots of Talk, Little Action?," Journal of Economic Literature, American Economic Association, vol. 42(1), pages 116-144, March.
    8. G.M. Constantinides & M. Harris & R. M. Stulz (ed.), 2003. "Handbook of the Economics of Finance," Handbook of the Economics of Finance, Elsevier, edition 1, volume 1, number 2, March.
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    Cited by:

    1. Md. Humayun Kabir & S.S.M. Sadrul Huda & Omar Faruq, 2020. "Mobile Financial Services In The Context Of Bangladesh," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 9(3), pages 83-98.
    2. Mohammad Ali Ashraf, 2023. "Comprehending the intention to use branchless banking by rural people during the corona pandemic: evidence from Bangladesh," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(1), pages 99-116, March.

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