LankaBangla Finance Limited (LBFL) has recently signed an agreement with Barikoi Technologies Limited, a tech-enabled Contact Point Verification (CPV) solution that utilizes location data and geographical segmentation for a convenient contact point verification service.

Head of Operations, A. K. M. Kamruzzaman, FCMA of LankaBangla Finance Limited and Managing Director and CEO of Barikoi Md Al Amin Sarkar, signed the agreement at LBFL’s Head Office recently.

Head of Legal Affairs, Md Shibbir Rahman, Head of Retail Credit Management, Arif Hasan of LBFL and on behalf of Barikoi Manager, Business Development Raida Zerin, Manager, Business Development (Verify), Adnan Shahriar, and other senior officials of both organizations were present at the event.

Head of Operations, A. K. M. Kamruzzaman, FCMA, commented on this occasion, “Digital CPV will help us to reduce turnaround time and will benefit LankaBangla to verify prospect customers for faster, efficient, accurate, and transparent contact point verification. API-based CPV will enhance faster verification of our customers while providing customized financial services and enable other customer’s due diligence (CDD) measures, including effective ongoing due diligence.”

MD & CEO of Barikoi Md Al Amin Sarkar also commented on this collaboration “We’re very excited to partner with Lanka Bangla Finance Limited with the transition to Digital Contact Point Verification services. Our tech-enabled services coupled with Lanka Bangla’s strong network is a step in the right direction for the finance industry and strengthen financial empowerment in Bangladesh.”

This agreement is part of LankaBangla’s commitment to providing quality financial services through innovative technology solutions without comprising compliance.