BRAC Bank optimizes NSU’s financial operations with advanced cash management solution

BRAC Bank has partnered with North South University (NSU) to deliver advanced cash management solutions, transforming financial operations within Bangladesh’s education sector, stated in press release.

Through this innovative alliance, BRAC Bank will implement a cutting-edge tuition fee collection system for NSU via the Universal Collection Platform, harnessing its extensive distribution network.

This state-of-the-art solution empowers students and guardians to deposit tuition fees effortlessly over the counter at BRAC Bank branches, ensuring a seamless and user-friendly experience.

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.

This partnership was formalized at a signing ceremony at North South University on 11 December 2024.

The agreement was signed by Vice-Chancellor Prof. Abdul Hannan Chowdhury, PhD of North South University and Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate & Institutional Banking at BRAC Bank.

Read more: OpenAI Unveils Bold Plan to Restructure Amid Costly AI Race

The event was attended by senior officials from BRAC Bank, including AKM Faisal Halim, Head of Transaction Banking; 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, Sheikh Nabidur Rahman, Cluster Manager- Bashundhara Branch.

By enhancing financial efficiency, this collaboration will catalyze growth and development within the education sector, paving the way for a brighter future for students across Bangladesh.

This partnership marks a significant milestone in the bank’s mission to uplift educational institutions and their stakeholders through modern, efficient, and technology-driven cash mobilisation solutions.

Through this initiative, BRAC Bank underscores its steadfast commitment to leading innovation and service excellence while transforming Corporate and Institutional Banking.

For more update, be with Markedium.