Business

Padma Bank inks deal with Flora for digital transformation


Published : 12 Aug 2022 07:53 PM

Padma Bank and Flora Systems Ltd signed an agreement regarding the Digital Transformation of the bank at it’s Gulshan Corporate Head Office on Wednesday.

Tarek Reaz Khan, Managing Director and CEO of Padma Bank and Mustafa Rafiqul Islam, Chairman & Managing Director of Flora Systems Ltd signed the documents on behalf of their respective organizations.

Under this agreement, firstly “Florabank Conventional Core Banking” (CBS) and Islamic Banking “FloraBank Insaf” will be implemented to improve the quality of information technology services. 

Also, AML/CFT Solution, Regulatory Reporting, Dashboard, Fixed Asset Management, Agent Banking, Internet Banking, Mobile Wallet, Management Dashboard, MIS Reporting, Kiosk and other digital services will be implemented in phases.

DMD Faisal Ahsan Chowdhury, SEVP & CHRO M Ahsan Ullah Khan, SEVP & CFO Badal Kumar Nath, EVP and Head of Banking Operations Syed Towhid Hossain, VP and Chief Information Technology Officer Md. Mosharraf Hossain Khan, CITO of Flora Systems Ltd. SK Bhowmik and CMO Mokbul Hossain and other senior officials of different departments from both the organizations were also present on the occasion.