Topic: Exploring the Fintech Landscape & Cybersecurity of the Banking Operations in Bangladesh

Abstract

This study explores the evolving fintech landscape and cybersecurity measures within the banking operations of Bangladesh. With the rapid digital transformation in the financial sector, fintech innovations have significantly enhanced banking services, improving accessibility, efficiency, and customer experience. However, these advancements also expose financial institutions to increasing cybersecurity threats, including data breaches, fraud, and cyberattacks, which pose serious risks to operational integrity and consumer trust. Using a mixed-method approach, this research analyzes the current state of fintech adoption, the regulatory environment, and the cybersecurity challenges faced by banks in Bangladesh. The study identifies key trends such as the rise of mobile banking, digital payment systems, blockchain applications, and AI-driven financial services, while also assessing the effectiveness of existing cybersecurity frameworks in mitigating threats. Findings indicate that while fintech adoption is growing rapidly, regulatory gaps, insufficient cybersecurity infrastructure, and a lack of skilled cybersecurity professionals create vulnerabilities within the banking sector. The study suggests that banks should invest in advanced cybersecurity technologies, enhance regulatory compliance, and foster collaboration between financial institutions, regulatory bodies, and technology providers to strengthen digital security. The research provides valuable insights for policymakers, banking professionals, and fintech entrepreneurs to build a more resilient and secure digital banking ecosystem in Bangladesh, ensuring sustainable growth in the era of financial technology.