STAR BUSINESS DESK

NCC Bank PLC has signed a memorandum of understanding (MoU) with the Bangladesh Investment Development Authority (Bida) to deliver faster, more efficient and integrated services for investors.

The integration aims to provide seamless access to essential banking and related services through a single digital interface.

Under the MoU, NCC Bank will facilitate online bank account opening along with other relevant banking services via the One Stop Service (OSS) platform. Both organisations will also establish secure server-to-server connectivity to ensure safe, reliable and efficient data exchange.

M Shamsul Arefin, managing director of NCC Bank PLC, and Jiban Krishna Saha Roy, director general (investment promotion) of Bida, signed the MoU at the latter’s head office in Dhaka recently, according to a press release.

Speaking on the occasion, Arefin said Bida’s integrated online platform represents a major milestone in the government’s investment-friendly initiatives, enabling investors to access a wide range of public and private services from a single platform.

He added that the bank’s participation would further enhance the efficiency, transparency and responsiveness of investment-related services, contributing to a modern, investor-friendly ecosystem in Bangladesh.

As per the agreement, both parties will exchange relevant information digitally and provide the necessary technical support to ensure smooth system operations.

They will also work collaboratively to maintain data accuracy, security and effective service delivery.

Air Commodore Md Shaharul Huda, executive member of Bida, attended the signing ceremony.

Md Shahinuzzaman, additional director of Bangladesh Bank; Md Habibur Rahman, deputy managing director of NCC Bank PLC; and Shahin Akter Nuha, head of transaction banking and cash management, along with senior officials from both organisations, were also present.