Launch of bKash, including the establishment of 50,000+ agent network and 5 million+ clients within two years.
Shift in KBS Local Area Bank’s strategic focus from a credit-led to a deposit-centric bank, including opening over 270,000 new low-income savings accounts.
Design and roll-out of new savings products to over 100 Khushhali Bank branches, raising $11.5 million in short-term capital through over 300,000 new savings accounts.
Transformation of NRSP into a regulated microfinance bank and development of a functional liability sales structure, including installation of a new core banking system and design of deposit products, policies, and procedures.
Savings services at scale, including over 660,000 new savings accounts in Bangladesh, India, and Pakistan.
Expanded access to safe, secure, affordable and reliable payment and remittance services expanded to 5 million households in Bangladesh.
Greater access by women and vulnerable populations using doorstep banking and mobile banking.
BRAC Bank Ltd: Conducted market research; recommended a market entry strategy; and developed a business plan, financial model, and capital proposal for bKash Ltd., a mobile money platform created as an affiliate of BRAC Bank.
KBS Local Area Bank: Conducted an assessment of the liabilities department; engaged in field monitoring to mitigate impact of 2010 Andhra Pradesh crisis; developed policies and procedures for doorstep banking; and supported the installation of a new core banking system.
Khushhali Bank: Conducted market research; procured and integrated a new IT/MIS system; revamped KBL’s liability sales structure and savings processes; designed and launched three new savings products; and designed branch-based and branchless banking strategies for savings services.
NRSP Microfinance Bank: Conducted an analysis of market demand; designed and piloted new products; developed IT/MIS specifications, managed the procurement of IT/MIS services and oversaw technology integration; and implemented product training and roll-out across the branch network.