Bangladesh, Oct. 5 -- The depository authority has developed a mobile app that can instantly help investors become aware of any unauthorised transaction in their portfolios.

Currently, the Central Depository Bangladesh Ltd (CDBL) is conducting a test run of the app, intending to make it available and accessible through a formal inauguration shortly.

As a legal authority, the core function of the CDBL is to hold, record, transfer, and settle securities electronically, rather than rely on physical share certificates. So, an investor's shareholding position recorded by the CDBL is the actual position of their assets.

However, brokers generate portfolio statements for their clients, using their back-office software.

According to insiders...