The document discusses FinTech, which refers to technology that enhances or automates financial services. It provides examples of FinTech in Bangladesh, such as mobile financial services from Bkash, Nagad, and Rocket. The document also outlines the impacts of FinTech, including increased financial access, better customer knowledge for institutions, improved customer satisfaction, easier remittances, and access to wider markets. Both pros, like universal access and time savings, and cons, like unequal global contribution and security issues, of FinTech are mentioned.

1. Presented by:
Mohd Nafiz Sadique

2.  What is FinTech.
 Service provided by FinTech.
 FinTech in Bangladesh.
 Impact of FinTech in Financial service industry.
 Why FinTech is important.
 Pros and cons of FinTech.

3. FinTech consist of 2 words.
1. Finance
2. Technology
It refers to any business that uses technology to
enhance or automate financial services and
processes.

4. If you have ever paid for something with your phone,
transferred money using any app or checked bank statement
online without going to bank,
Then you have already used FinTech.
FinTech refers to everything from cashless transactions to
Crowdfunding, virtual currencies.
In Bangladesh FinTech industry mostly represented by Mobile
Financial Service (MFS) providers, Payment System Operators
(PSO) and Payment Service Providers (PSP).

5. Mobile Financial services in Bangladesh for example we can say:
 Bkash from Brac Bank
 Nagad from Bangladesh Post Office
 Rocket from Dutch Bangla Bank Limited

7.  Mobile Banking: With consumers looking more towards
financial wellness, many financial institutions are
adopting or expanding their mobile banking capabilities
with the rising demand for digital banking among
consumers. Most banks now offer some type of mobile
banking capability on their platform.
 Mobile Payments: As we’ve moved from a cash-based
society to an increasingly digital one, peer-to-peer
services have arisen to replace traditional payment
methods.

8.  Cryptocurrency & Blockchain: Cryptocurrency exchanges
have been able to connect users buying or selling
cryptocurrencies such as bitcoin.
 Trading: Trading and investing has improved with the
adoption of FinTech. Information from big data is often
unstructured and unreadable without the help of AI
technologies
reference

9. Cryptocurrency is a digital currency which is secured by
Cryptography. Cryptocurrencies are decentralized networks which
is based on Blockchain.
They enable secure online payments without the use of third-party
intermediaries. Any investor can purchase cryptocurrency from
popular crypto exchanges such as Coinbase, apps such as Cash
App, or through brokers.
No dollar or gold is backed up as a reserve for any
cryptocurrencies.
Some popular cryptocurrencies are: Bitcoins, Ethereum, Binance
Coin, Solana, and Cardano.
Reference

10. Cryptography is the study of secure communications techniques
that allow only the sender and intended recipient of a message to
view its contents.
It transforms data into formats that cannot be recognized by
unauthorized users.
An example of basic cryptography is a encrypted message in
which letters are replaced with other characters.
Blockchain

11. Blockchain is method of storing data which cannot be changed
easily after creating. It is done by several concepts of
cryptography including digital signature and hash functions.
Main slide

12. An NFT is a digital asset that represents real-world objects like art,
music, in-game items and videos. They are bought and sold online,
frequently with cryptocurrency. Here digital signature is used.
Some NFT marketplaces are: OpenSea, Larva Labs, Axie
Marketplace, etc.
Reference

13. Mobile Financial services in Bangladesh for example we can say:
 Bkash from Brac Bank
 Nagad from Bangladesh Post Office
 Rocket from Dutch Bangla Bank Limited
 TAP from Trust Bank Limited, Bangladesh and Axiata Digital
Services Sdn Bhd, Malaysia”
 iPay
 D Money
 IT consultant LTD
 SSL Commerz
MFS
Providers
PSP
Providers
PSO
Providers

14. Reference

15. Bangladesh has one of the largest unbanked populations. As
they do not have bank accounts, their economic activities are
not enlisted as part of the formal economy.
However, our neighbouring country like India is advanced as
we prefer cash transactions more than digital ones.
We are still at the earliest stages of true FinTech.
Each year, companies are digging deeper into the financial
services, value chain and also creating new market structures.
FinTech players are now sharing the market with some banks
which provide new, digital-friendly banking services and
integrate digital payments, microfinancing, and robo-advisor
services into existing bank accounts.

16. The FinTech industry in Bangladesh is mostly represented by:
 Mobile financial service (MFS) : financial transaction through
mobile phone. e.g. Deposit, bill payment, fund transfer, etc.
MFS providers in Bangladesh are Bkash, Nagad, etc.
 Payment system operators (PSO) : With PSO E-Commerce
entrepreneurs can get the payments through online.
 Payment service providers (PSP)/ E-wallet : With PSP a person
can pay shopping bills, utility bills, tuition fees from his account.
 Agent banking providers : They seem to be the key catalysts for
building a promising FinTech ecosystem around digital savings
and digital credit.

17. Since the pandemic inspired every people to reduce the cash
transaction, Bangladeshi FinTech companies welcomed this opportunity
by providing the digital cashless transaction services. For this :
1. Created opportunities for financial access: Low-income groups and
disadvantaged people access to financial services at affordable
costs.
2. Financial Institutions can Know Their Customers Better: Financial
Institutions can use big data to screen potential clients. The
system can do extensive background checks in a flash. All these
can help to reduce and prevent money loss for loaners who can
assess the viability of a loan or investment.

18. 3. Increase customer satisfaction: FinTech which assists in digitally
retrieving customer data and calculating expected loss can help reduce
that percentage by a significant amount. They can not only reduce time
but also improve customer satisfaction.
4. Remittance service: Remittances are an important part of the economy.
With FinTech service people can easily send and receive money from
anywhere, anytime in our country.
5. Reach wider markets: FinTech in Bangladesh is particularly important
because the majority of the population in Bangladesh live in rural areas.
It is important that the rural residents aren’t deprived of any financial
services. With the help of the internet and the booming number of
FinTech companies in Bangladesh, that vision isn’t far away.
Reference

19.  Universal: A transaction can be done to anytime, anywhere in
the world without any passport, visa.
 More secured than traditional banking: In terms of traditional
banking FinTech is more secure. Although FinTech also has
vulnerabilities, the way they focus on using technology to
improve the banking process makes them better-placed to deal
with cybersecurity issues than their conventional counterparts.
 Saves time: Transactions became faster through FinTech by
only a couple of tap of fingers. For a payment or deposit we
don’t need to stand in queue for hours.

20.  Made transactions easier for all: Any person who does not know
much about technology can be a part of FinTech easily within
some moment.
 Saves money for Individuals: It moved financial workings from
banks to home by just an mobile application.
 Works as a consultant: Now a days FinTech apps and websites
are so advanced that they suggests, recommends one when and
how one can be benefited more by preprogram algorithm.

21.  Helping to grow business and creating economic growth : FinTech can
help all businesses through improved payments systems, customer
relationship management, and invoicing and collections. Therefore, it
can help create more economic opportunities, increase economic
activities, and generates economic growth.
 More improved financial services: FinTech is helping make financial
services more accessible to an increasing number of people. Beyond
mobile money, FinTech has also shown promise in areas such as
Government to Person payments and cross-border remittances

22. There are always at least two sides to every story. This is why we're going
to highlight some of the potential disadvantages of FinTech:
1. Cannot contribute globally equally: A significant proportion of the
world's population doesn't have broadband access. Some nations are
so poor that the idea of owning a smartphone or paying for internet
access is ludicrous.
2. Destroys privacy: Modern FinTech often only works because it digitizes
our behavior on a deep level. Banks are starting to use behavioral
analysis to optimize things like credit scores or interest rates by
looking at your spending patterns.

23. 3. Security issue: FinTech works online. Though FinTech companies are
providing much security to the users, hackers are also keeping an eye
on the softwares that how they can steal the data and use it for any
criminal activities, blackmailing, stealing money etc.
4. Lack of regulation: It is a harsh reality that the regulation for the
FinTech is not perfect till this date. And there are some possibilities
for some fraud activities in absence of strict regulation.