Nagad’s CEO receives the “Best New Director in Fintech” award.
Maruful Islam Jhalak, CEO of Nagad Limited, has been named ‘Best New CEO in Fintech’ by UK-based The Global Economics Ltd, one of the preeminent bi-annual business publications in the world.
According to the press release, Jhalak is the first person from the country’s fintech industry to receive this award in the leadership category from the prestigious publication The Global Economics Ltd.
Maruful Islam Jhalak, Managing Director of Nagad oversees the technical aspects of the company. Jhalak is a technical visionary and architect who played an important role in the implementation of revolutionary concepts like E-KYC and D-KYC.
E-KYC is recognized as the country’s first true digital revolution in the financial industry.
In addition, Jhalak was instrumental in pioneering first-of-its-kind innovations and streamlining the process of opening accounts by simply dialing *167#; known as D-KYC, which has emerged as a role model for the country’s financial industry.
These ground-breaking innovations have been Nagad’s most significant endeavors to date, allowing the company to take bold steps such as lowering withdrawal rates to single digits and acquiring 6.5 million customers in a short span of time.
Global Economics recognized Maruful Islam Jhalak for his remarkable contribution to the introduction of these innovative fintech solutions that have truly steered the country’s financial industry towards digitization.
Expressing his thoughts on receiving the award, Maruful Islam Jhalak said, “I am humbled and thrilled that the eminent publication recognized my contributions. Nagad has introduced a number of game-changing innovations that have greatly altered the country’s financial industry landscape. I am truly delighted to be a part of such endeavours, and this recognition from a global platform will undoubtedly inspire me to bring more digitization concepts to reality in the days to come.”
Through the Leadership Award, ‘The Global Economics’ recognizes leaders who are working hard to bring about revolutionary changes in their economies. This year, the publication honored 20 top executives from around the world for their extraordinary contributions to their respective industries.
Notable award winners in 2022 include Vijay Manoharan of CIMB Bank Philippines Ltd, Philippines in the ‘Best Bank CEO of the Year’ category, Michele Ferrario of StashAway, Singapore in the ‘Best Emerging CEO in Digital Wealth Management’ category, Hussain Abdulla of QInvest, Qatar in the ‘Best CEO in Investment Banking’, and Farouk Mustafa Rasool of Asiacell, Iraq in the ‘Best Entrepreneur in Telecom’ category, among others.
Earlier in 2021, Global Economics awarded Nagad, the mobile finance venture of Bangladesh Post Office, as the ‘Best DFS (Digital Finance Service Award) in 2021.
The publication recognized Nagad, under the criteria for digital transformations in technological innovation through the ‘Best DFS Award’.
