Breaking Down the Barriers: How Bangladeshi Banks Can Overcome Obstacles to Automation
摘要
The banking sector in Bangladesh is encountering challenges, leading to a shift towards automation. Competition, consumer demands, expenses, profitability, legacy systems, and cybersecurity risks are the main difficulties. Solutions like automation frameworks, digital banking, mobile banking, and technology impact analyses are proposed, but banks should consider potential job losses, reduced client interaction, and required investments and training. Careful consideration of offered remedies and their consequences is essential.