BRAC Bank optimises NSU's financial operations with advanced cash management solution

BRAC Bank has partnered with North South University (NSU) to deliver advanced cash management solutions, transforming financial operations within Bangladesh’s education sector.

Through this innovative alliance, BRAC Bank will implement a cutting-edge tuition fee collection system for NSU via the Universal Collection Platform, harnessing its extensive distribution network, according to a media release. 

This state-of-the-art solution empowers students and guardians to deposit tuition fees effortlessly over the counter at BRAC Bank branches, ensuring a seamless and user-friendly experience.

This partnership alleviates the university's administrative tasks by simplifying the fee collection process. It also provides real-time transaction updates to enhance transparency and accuracy and allow for immediate reconciliation.

This partnership was formalised at a signing ceremony at North South University on 11 December 2024.

The agreement was signed by Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate & Institutional Banking at BRAC Bank, and Prof. Abdul Hannan Chowdhury, Vice-Chancellor of North South University.

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.