BRAC Bank has partnered with North South University to deliver advanced cash management solutions to the latter, said a press release.
Through this alliance, BRAC Bank will implement a tuition fee collection system for NSU through universal collection platform.
To this end, BRAC Bank deputy managing director and corporate and institutional banking head Tareq Refat Ullah Khan and North South University vice-chancellor Abdul Hannan Chowdhury signed an agreement at NSU premises in Dhaka recently.
The cash management solution will also provide real-time transaction updates to enhance transparency and accuracy and allow for immediate reconciliation, the release said.
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.
