New viable model to serve usersAs far as Bangladesh is concerned, new viable business models are needed, where there will be biolistic product strategies, SME banking should have owned the customers and will be a product provider i.e. a combination of both a ‘marketplace’ with customer base. There are new banks emerging now that have chosen not to provide transactional accounts but rather serve the life cycle needs of a business. They provide solutions to…

There is massive necessity of digitization for improving efficiency and productivity in Small and Medium Enterprises (SME). It is also observed that the rate of SMEs has increased significantly. This was entirely due to the advent of Digital Technology. In this way, both product and the process become more automated in digitalization, resulting in increased quality and demand. Considering the high scope for higher development, Bangladeshi SME sector still has much space for new digital…

As more companies and the Bangladesh government recognise the critical nature and advantages of connecting the digital skills gap for SMEs, digital training programmers, training and free resources are emerging to meet the challenge. Companies are holding special sessions to develop workers’ digital skills, and in the future, traditional SMEs are required to embrace digitisation with great enthusiasm.Bangladesh is undergoing a digital transformation. For the next few years, increasing internet connectivity, mobile use, and digital…