MAY INT and Modhumoti Bank Sign agreement

Modhumoti Bank PLC has recently signed an agreement with MAY International Trade Services Ltd. to utilize the Maritime Data & Analytics Platform, the first-ever solution of its kind developed locally by a Bangladeshi company.

The signing ceremony was attended by distinguished officials from both organizations. Representing Modhumoti Bank, Mr. Md. Shafiul Azam, Managing Director & CEO, graced the event, accompanied by Mr. Shahnawaj Chowdhury, Additional Managing Director, Mr. Arab Fazlur Rahman, Deputy Managing Director & Chief Business Officer, and Ms. Fahmida Saeed Saki, SEVP & Head of International Division as well the concerned team officials.

On behalf of MAY International Trade Services Ltd., Mr. Syed Aminul Kabir, Managing Director & CEO, was present along with Ms. Layla Kowkine Ara, Deputy Managing Director, and the senior officials of the product development team.

This collaboration marks a significant milestone for Bangladesh’s financial and trade ecosystem, showcasing the capabilities of locally built technologies tailored to global standards.

The Maritime Data & Analytics Platform will enable Modhumoti Bank to strengthen its trade finance and international banking services by providing comprehensive insights into global maritime trade. With access to real-time vessel movements, shipping routes, and port activities, the bank can enhance its due diligence processes, minimize trade-related risks, and reduce exposure to fraudulent activities. By integrating this solution, Modhumoti Bank is positioned to deliver faster, more reliable, and data-driven services to its clients, reinforcing its role as a forward-thinking institution in Bangladesh’s evolving financial sector.