BRAC Bank signs cash management deal with NSU

BRAC Bank has signed a partnership agreement with North South University (NSU) to deliver advanced cash management solutions.

Prof Abdul Hannan Chowdhury, vice-chancellor of NSU, and Tareq Refat Ullah Khan, deputy managing director and head of corporate and institutional banking at the bank, penned the deal at the former's office in Dhaka recently, said a press release.

Through this partnership, BRAC Bank will implement a cutting-edge tuition fee collection system for NSU via the Universal Collection Platform.

This solution empowers students and guardians to deposit tuition fees effortlessly over the counter at BRAC Bank branches.

This partnership alleviates the university's administrative tasks by simplifying the fee collection process. It also provides real-time transaction updates to enhance transparency and accuracy and allow for immediate reconciliation.

AKM Faisal Halim, head of transaction banking of the bank, Mohammad Arif Chowdhury, unit head of transaction banking, Muntasir Rahman, head of application development and enterprise systems, and Zia Sajid, head of product, transaction banking, and Sheikh Nabidur Rahman, cluster manager of Bashundhara branch, among others, were also present.