AB Bank PLC. has launched the pilot phase of ‘AB e-Loan’, powered by FlxCred, an AI-powered digital lending solution integrated into its digital banking platform, AB Direct.
Developed in partnership with FILPS LTD., a UAE-based technology company, the AI-powered platform enables customers to avail instant loans through a seamless and hassle-free digital process, with automated approval and immediate disbursement via the AB Direct app.
To mark this significant milestone, a launching ceremony was held at the Bank’s Head office. Mr. Reazul Islam, Managing Director and CEO (Acting), Mr. Mahadev Sarker Sumon FCA, Additional Managing Director, Mr. Z M Babar Khan, Additional Managing Director of AB Bank, Mr. Daniel Shrestha, Chief Strategy Officer, FILPS LTD., UAE, and Mr. Tushar Hasan, Country Manager (Bangladesh), FILPS LTD., were present at the event.
