4.3
Dhaka, Bangladesh
Speaks Bengali, English, Hindi

An expert in digital and mobile financial services

Jaheed Parvez has worked on projects concerning SME Banking, Trade Finance, Mobile Financial Services, Agent Banking and Financial Inclusion in South Asia since 2006. His country experiences include Bangladesh, Nepal and India. He has managed relationships with Central Banks, Financial Institutions, Non-Bank Financial Institutions and Payments Service Providers. He has extensive experience in Project Design, Project Management, Scoping Studies, Market Assessments, Relationship Management, Budgeting, Procurement and Event Management
Questions I can answer:
How design and develop an appropriate financial product for low income segment of the population?
How to assess financial behavior of a targeted segment?
How to conduct Digital Financial Services (DFS) Market Assessment?
How to design and develop wage digitization toolkit?
How to design and manage financial inclusion projects?
How to monitor and evaluate performance of DFS products and services?
How to promote DFS among the low income segment of the population?
What's the regulatory environment like for Agent Banking Services?
What's the regulatory environment like for Mobile Financial Services?


Experience
FHI 360

Consultant - Digital Financial Services

2017 - Present (1 year, 4 months)
The overall responsibility is to provide consulting services to World Bank with digitizing Ready-Made Garments (RMG) Workers wage payments and to increase adoption of Mobile Financial Services among the RMG workers. The key deliverables are: Review of women focused financial product and develop 2 pilot evaluation plan. The evaluation plans will help guide World Bank to monitor and evaluate take up of the financial product and performance of mobile money agents;
Promote Mobile Financial Services at RMG factories by organizing financial literacy events and workshops;
Develop a wage disbursement action plan which can be used by RMG factories to make the transition to digital payment;
Develop RMG workers wage digitization toolkit for the Mobile Financial Services Providers which will include: Financial behaviors and workers’ financial ecosystem map, Staff awareness and sensitization toolkit and Merchant on-boarding toolkit
Swisscontact • Bangladesh

Team Leader, Inclusive Finance

2016 - 2017 (1 year, 4 months)
Developed partnerships with the Financial Inclusion Department of the Central Bank and two local commercial banks to jointly implement the project “Financial Inclusion for Ready-Made Garments Workers in Bangladesh”;
Have worked closely with the two local commercial banks and developed appropriate financial products and financial management tools for RMG workers;
The banks were also assisted with forming partnerships with the Ready-Made Garments (RMG) Factories for providing financial education to RMG workers and setting up of agent booths near the factories to ensure RMG workers have convenient access to financial services;
As part of the engagement with the Central Bank, conducted an Agent Banking Market Assessment including a review of the Agent Banking Guideline issued by the Central Bank;
The overall objective of the assessment was to better understand the progress Agent Banking market has made to date including regulations, available products/services, geographical coverage, agent and customer acquisition strategy that are being practiced by commercial banks, pricing of the products and services;
Based on the findings of the assessment, a set of recommendations were shared with Bangladesh Bank which are being considered in the prudential regulation
FHI 360 • Bangladesh

Technical Lead, Digital Financial Services

2014 - 2016 (1 year, 7 months)
Developed partnerships with the USAID funded projects and provided technical assistance with regard to making the transition away from cash and incorporating DFS in program activities;
Some of the key organizations receiving Technical Assistance are IRRI, Agriculture Input Program of USAID and READ program of Save the Children;
In addition, designed and led the Mobile Money Consultative group (MMCG) to support the development and use of DFS in Bangladesh, particularly by the development community and by users at the base of the pyramid;
The core aim of the group is to open up opportunities for development stakeholders to discuss opportunities, challenges, gaps and benefits of using MFS, which the Group shares with Mobile Financial Service Providers and Bangladesh Bank, the central bank of Bangladesh to encourage policies and services that can address the needs of the development community and its beneficiaries;
The Group facilitates a platform where group members presents their activities in the MFS space so that members can learn from each other’s experiences
International Finance Corporation • Bangladesh

Project Manager, Mobile Financial Services

2004 - 2014 (10 years, 3 months)
Managed a project to conduct diagnostic study to analyze existing procedures in G2P payments in key health schemes in the state of Bihar, India;
Worked in a team to develop IFC’s strategy on Mobile Financial Services (MFS) and Access to Finance. In order to develop the strategy, a payment scoping study was conducted in Bangladesh, India, Nepal and Sri Lanka. The overall objective of the study was to identify opportunities for IFC to become a participant in the development of South Asia payments market;
Developed and led a project to assist MNepal in Nepal, a payments service provider to develop mobile money proposition to facilitate access to formal financial services for lower-income segment of the population in Nepal which will result in greater financial inclusion. The client was assisted with the Development of Business Model & Strategy, Financial Model, Agent Network Framework and Risk Management Framework;
Worked with Nepal Rastra Bank (NRB), the Central Bank of Nepal and Ministry of Finance to strengthen the capacity of NRB and developing the legal and regulatory framework for Payments, Remittances and Securities Settlement Systems (PRSSS) including in particular innovative electronic payment mechanisms like mobile payments and regulation on Mobile Financial Services;
Managed a project to provide Technical Assistance to Bangladesh Bank Training Academy to build the capacity of the senior management so that they can better manage the training academy and strengthen the training capacity of the existing trainers with regard to Core Risk Management and SME Banking;
Designed and Implemented the Trade Finance Advisory Program in Bangladesh. The project operated in collaboration with Wachovia Bank N/A and ICICI Bank Limited. The overall objective of the program was to help local banks build their capacity in the areas of trade finance and international trade operations. Through institutional relationship development with international banks and integration into the IFCs Global Trade Finance Program (GTFP) network, the Trade Finance program provides local banks the opportunity to build capacity in trade finance operations, improve competitiveness, reduce transaction costs, become linked to a leading international network of correspondent bank partners, and provide trade finance to under-served clients, particularly the SME clients and new exporters;
Organized financial literacy programs in 2008 in 5 different districts outside Dhaka bringing together 21 financial institutions, 4 regional offices of Bangladesh Bank, local business chambers and associations and approximately 10,000 SME entrepreneurs to actively participate in this program