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MISL LAUNCHES TAHQIQ-RISK BASED INTERNAL AUDIT SYSTEM

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Millennium Information Solution Limited officially launched one of its flagship products, TAHQIQ-RISK BASED INTERNAL AUDIT SYSTEM on Thursday, 16th January 2020, at The Westin Dhaka.

Mr. Zunaid Ahmed Palak, Honorable Minister of State, ICT Division graced this program as Chief Guest and expressed his heartiest felicitations for Millennium and its products including Tahqiq.

Mr. Palak said in his deliberation: “Millennium through its Innovative product design, development and introduction of Products like “Tahqiq”  is contributing significantly in home and abroad to the economy of the country for the transformation of our labor based economy into a technology-dependent one, which was the dream of our honorable Prime Minister Sheikh Hasina and thus gradually becoming a middle-income nation soon.”

Mr. Ali Reza Iftekhar, Chairman, Association of Bankers, Bangladesh said in his speech as special guest “We have been looking for such an innovative solution like Tahqiq for our banking industry for a while. And now since it is here and if it does what it is claiming to to do, Millennium will not need much marketing and we all will adopt it soon In Shaa Allah”.

Mr. A K M Nurul Fazal Bulbul, Vice Chairman of IBCF & CDBL attended as special guests for the occasion. He said “Millennium should be pioneering in implementing products like Tahqiq in home and abroad and uphold the glory of our talented youths in the country.”

Mr. Mahmud Hossain, managing Director and CEO of Millennium said in his welcome speech

“Tahqiq is an output of a three years’ effort of a valiant team comprised of renowned Chartered Accountants, seasoned Bankers and experienced Software Architects. If the banking community can rely on companies like Millennium, who became a global company recently, these companies can serve our banking community without having to spend them huge amount of precious foreign currency each year and with much better service response than any foreign solution providers without compromising with quality.”

Finally, Mr. Niaz Ahmed Chowdhury, Chairman of Millennium said “ Tahqiq is the first and only such product in Bangladesh, which helps the banks to:

  • Improve Auditing Efficiency and Coverage.
  • Minimize cost of Audit and ICC department significantly.
  • Provide Comprehensive Risk Grading
  • Make use of an Executive Dashboard that shows Real Time Bank, Branch and Departmental Health status.”

Two major banks, one Conventional (non-islamic) and the other Islamic, have already been gaining benefit though the adoption of Tahqiq.

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