BRAC Bank, Nippon Paint sign deal on digital transaction banking solutions

BRAC Bank PLC has entered into a partnership agreement with Nippon Paint Bangladesh Private Limited to offer advanced transaction banking solutions, aimed at strengthening receivable management while enhancing efficiency and transparency across dealer and distributor collections.

Md Shaheen Iqbal, deputy managing director and head of wholesale banking at BRAC Bank PLC, and Rajesh Sircar, general manager of Nippon Paint Bangladesh Private Limited, signed the agreement at the bank’s head office in Dhaka recently, according to a press release.

Under the collaboration, Nippon Paint will gain access to BRAC Bank’s digital transaction banking platform, CORPnet, through API integration, enabling near real-time reflection of collections from nearly 200 distributors directly into the company’s enterprise resource planning (ERP) system.

The integration is expected to improve cash flow visibility, streamline reconciliation and strengthen financial control across the network.

Asif Bin Idrish, deputy managing director and head of corporate, commercial and institutional banking at the bank; AKM Faisal Halim, head of transaction banking; and SM Musa, area head of relationship unit, attended the event.

The partnership underscores BRAC Bank’s commitment to delivering technology-led transaction banking solutions that enable corporate clients to operate with greater efficiency, visibility and confidence, reinforcing the bank’s role as a trusted financial partner in driving sustainable business growth, the release added.

Salah Uddin, senior manager of the paint manufacturing company, was also present, along with other representatives from the paint manufacturing company.