AB Bank has launched the pilot phase of its AI-driven digital loan service, 'AB e-Loan', integrated into the AB Direct app. The service is operated by flxCred and developed in collaboration with UAE-based fintech infrastructure company Fylps Limited. It enables customers to obtain loans easily, instantly, and without hassle through a fully automated approval process powered by artificial intelligence. Once approved, the loan amount is directly credited to the customer’s account via the AB Direct app.

To mark this milestone, AB Bank organized an inauguration ceremony at its head office. The event was attended by Acting Managing Director Riazul Islam, Additional Managing Directors Mahadev Sarkar Suman FCA and Z M Babar Khan, along with Fylps Limited’s Chief Strategy Officer Daniel Shrestha and Country Manager (Bangladesh) Tushar Hasan.

The launch marks a significant step in AB Bank’s digital transformation journey, aiming to enhance customer convenience and streamline loan processing through AI-based automation.