BRAC Bank, DBL Group partner to offer enhanced digital cash management solutions

BRAC Bank PLC has entered into a partnership agreement with DBL Group, one of the leading conglomerates in Bangladesh, to deliver advanced cash management solutions aimed at optimising payment operations and enhancing financial efficiency.

Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank PLC, and Abdul Wahed, chairman of DBL Group, signed the agreement at DBL Group's headquarters in Dhaka recently, according to a press release.

As part of this collaboration, BRAC Bank has established Host-to-Host (H2H) connectivity with DBL Group's ERP system.

This integration enables seamless and automated payment processing, eliminating manual tasks through the bank's corporate digital platform -- the CorpNet Maker module.

The digital system ensures real-time transaction updates, faster payment execution, and secure data exchange.

This partnership marks a significant milestone in BRAC Bank's efforts to empower its corporate clients with modern, efficient, and technology-driven banking solutions, the release added.

By becoming one of DBL's primary payment banks, BRAC Bank reaffirms its commitment to enhancing the corporate banking experience through innovation and digital excellence.

MA Rahim, vice-chairman of DBL Group; MA Quader (Anu), deputy managing director and group CEO; and Md Shaheen Iqbal, deputy managing director and head of treasury, FI, and corporate and institutional banking at BRAC Bank PLC, along with other senior officials, were also present.