NRBC Bank on Thursday signed a memorandum of understanding with May International Trade Services Limited to modernise its foreign trade-related banking services, making them more efficient, faster and secure.
Under the agreement, NRBC Bank will adopt advanced technology to gain access to real-time vessel movements, container tracking and verification of imported goods鈥� prices, said a press release.
This initiative is expected to strengthen the bank鈥檚 due diligence process and minimise risks associated with foreign trade transactions.
NRBC Bank managing director and chief executive officer Md Touhidul Alam Khan and May International managing director and chief executive officer Syed Aminul Kabir signed the agreement at the bank鈥檚 head office.
Also present at the event were Mohammad Abdul Qaium Khan, deputy managing director and chief operating officer of NRBC Bank; Hasnat Reza Mohibbul Alam, head of international division of NRBC Bank; Layla Kowkain Ara, deputy managing director of May International; along with other senior officials from both organisations.
May International Trade Services Limited is a technology-driven platform specialising in maritime data and product price analytics. Through this partnership, NRBC Bank aims to further strengthen its international banking services and deliver greater value to its clients engaged in foreign trade.
