Community Bank Bangladesh PLC Partners with PriyoShop and Insights Genie to Launch AI-Powered Credit Scoring for MSMEs
Dhaka, Bangladesh-20 August, 2025: Community Bank Bangladesh PLC., in collaboration with PriyoShop and Insights Genie, has launched the country’s first AI-powered alternative credit scoring system, revolutionizing access to finance for micro, small, and medium enterprises (MSMEs).
This groundbreaking solution integrates PriyoShop’s retailer data, Insights Genie’s advanced AI engine, and Community Bank’s financial expertise to transform how small businesses access credit. The model utilizes demographic data, purchase history, and for the first time in Bangladesh Psychometric insights, and user behavior analytics to offer real-time, fairer, and more inclusive credit evaluations.
Empowering MSMEs through Innovation
Bangladesh is home to over 5 million retailers, many of whom remain excluded from formal banking due to lack of collateral and traditional documentation. This new model allows thousands of small shopkeepers to access short-term credit facilities—ranging from one to three months—via a seamless eKYC process. Eligible retailers can now secure financing of up to threshold, enabling them to expand inventory, increase turnover, and boost their livelihoods.
Driving Financial Inclusion
Kimiwa Saddat, Managing Director (Current Charge) of Community Bank Bangladesh PLC, stated:
“Community Bank is proud to pioneer this innovation in partnership with PriyoShop and Insights Genie. MSMEs are the backbone of Bangladesh’s economy. By equipping them with smarter financial tools, we are enhancing their ability to grow and contribute to sustainable national development.”
This initiative aligns with Community Bank’s vision of inclusive growth by merging traditional banking with advanced technology. It not only expands access to credit but also sets a new benchmark for innovation in Bangladesh’s financial sector.
Leaders Behind the Collaboration
The agreement was formalized in the presence of key stakeholders:
- Mr. Asikul Alam Khan, Founder & CEO, PriyoShop
- Mr. Vincent Choy, Founder, Insights Genie
- Mr. Kimiwa Saddat, Managing Director (Current Charge), Community Bank Bangladesh PLC
- Also attending the ceremony from Community Bank were:
- Mr. Tanjim Morshed Bhuiya, Head of ITC
- Dr. Md. Ariful Islam, Head of Corporate Banking and Head of Business (Branch)
- Mr. Zahir Ahmed, Head of Cards
- Mr. Md. Mamun ur Rahman, Head of ADC and Head of MD’s Coordination Team
- Senior officials from PriyoShop and Insights Genie were also present.
Shaping the Future of MSME Financing
This partnership demonstrates Community Bank’s commitment to reshaping the future of MSME financing by embracing digital innovation and fostering financial inclusion. Together with PriyoShop and Insights Genie, the Bank is building a smarter, more accessible financial ecosystem for Bangladesh’s entrepreneurs.