MTB, CDBL sign agreement for cash management services
Mutual Trust Bank PLC (MTB) and Central Depository Bangladesh PLC (CDBL) have signed an agreement for cash management services at a ceremony held at MTB Centre, 26 Gulshan Avenue, Gulshan-1, Dhaka 1212.
Under the arrangement, CDBL will utilise MTB's integrated API-driven cash management services to manage different types of payments and online collections through MTB eBank, according to the press release.
Transaction approvals can also be completed through biometric authentication using the MTB eBank App, which the bank described as the first such facility of its kind in the local banking industry.
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The signing ceremony was held in the presence of Syed Mahbubur Rahman, managing director and CEO of MTB, and Md Abdul Mutaleb, managing director and CEO of CDBL.
Also present from MTB were Chowdhury Akhtar Asif, additional managing director and chief business officer; Md Shamsul Islam, DMD and head of the Treasury Division; Mohammad Mamun Faruk, DMD and head of the Wholesale Banking Division; AKM Tareq, DMD and head of the Branch Banking Division; Md Ashik Iqbal Khan, divisional head of Cash Management and Transaction Banking; and Md Rozar Ibna Azad, head of the Communication Department.
Representatives from CDBL included Mohammad Shahidul Islam, chief financial officer and company secretary; Md Tohabin Huq, GM of Inspection, Compliance and Legal Affairs; Raquibul Islam Chowdhury, GM of Application Development and VAS; Jayanta Biswnu Mondal, senior AGM of F and A; and Abdullah Al Fahad, manager of F and A.
Other senior officials from both organisations also attended the ceremony.
