Bangladesh, Sept. 29 -- A financial-sector project for promoting technology-enabled banking to check NPL buildup and fiscal scams is up for government seal of approval, officials say.

Advertisement Checking digital heist and cyberattack into financial institutions is one of core objectives of the comprehensive project.

Bangladesh Bank is going to execute the scheme to strengthen safeguards for the country's financial sector through technology-enabled banking, the officials said Monday.

"Under the US$400-million financial support from the World Bank, the central bank is going to implement the Financial Sector Support Project-II (FSSP-II) for conducting massive reforms and improvement in the country's banking operations," said one offic...