City Bank has recently joined the newly formed ASEAN Financial Innovation Network (AFIN) as the pilot bank from Bangladesh, the bank said in a press statement.

AFIN, a joint initiative of International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and ASEAN Bankers Association (ABA) has been formed to support financial services innovation and inclusion by providing an integrated platform for collaboration between ASEAN banks, microfinance institutions, non-banking financial institutions (NBFI) and regional Fintechs, the statement added.

Aziz Al Kaiser, former chairman of the bank represented City Bank on the stage with Queen Máxima of the Netherlands, Sopnendu Mohanty, chief fintech officer, Monetary Authority of Singapore, Vivek Pathak, director, East Asia & the Pacific, IFC and Paul Gwee Choon Gua, secretary-general, ASEAN Bankers Association.

City Bank aims to launch few ground-breaking tech-based solutions for its customers shortly. With AFIN, it will work on the Agent Banking, small business segment and microfinancing, customer on boarding, merchant payments and other such areas. From the bank also present were Sohail RK Hussain, managing director & CEO, Mashrur Arefin, AMD and Kazi Azizur Rahman, DMD & CIO.