08/06/2026
AB Bank PLC. has launched the pilot phase of AB e-Loan, powered by flxCred, an AI-powered lending platform integrated into its digital banking platform, AB Direct. Developed in partnership with Filps Ltd., the solution enables customers to avail instant digital loans through automated credit assessment, intelligent risk management, real-time approval, and instant disbursement via the AB Direct app.
With this partnership, it has been our shared belief that digital lending cannot, however, just be limited to basic approval automation. The real opportunity is to help banks build a flexible credit engine where they can start with one lending product and scale to ecosystem-driven lending. For AB Bank, this pilot aligns with their transition toward expanding credit portfolios. By moving to the flxCred powered digital lending engine, they are setting up a foundation to meet their customers where they transact.
To mark this milestone, a launching ceremony was held at the Bank’s Head Office. Mr. Reazul Islam, Acting Managing Director & CEO, Mr. Mahadev Sarker Sumon FCA, Additional Managing Director, Mr. Z M Babar Khan, Additional Managing Director of AB Bank PLC., along with Mr. Daniel D Shrestha, Chief Strategy Officer, Filps Ltd., UAE, and Mr. Tushar Hasan, Country Manager (Bangladesh), Filps Ltd., were present at the event.