Sonali Bank introduces remittance payment processing platform

FE ReportbrSonali Bank recently introduced eTranz, a national payment processing platform to facilitate remittance disbursement among the recipients in a prompt way.brRemittance payment processing platform is the first forward looking step of Sonali Bank Limited since its new identity, CEO and Managing Director of Sonali Bank Limited SA Chowdhury said during the launching ceremony.brData edge limited, a leading system integrator working in financial sectors in the country since 2002 arranged the ceremony.brChowdhury said Sonali Bank Limited is committed to introduce innovative and competitive products and services in the banking industry by embracing IT as an enabler in increasing efficiency, reducing cost, increasing productivity and responding faster to the market needs. brSonali Bank Limited is keen to reap the full benefit of the vast branch network infrastructure it has all over the country by jointly working with dataedge in establishing the remittance payment processing platform, he added. brWhile addressing to his fellow colleagues of Sonali Bank Limited, he reinforced the importance of adopting global standard modern practices of payment processing systems and the associated changes. brDeputy Managing Director of the largest state-owned commercial bank, Kazi Faqurul Islam in his speech assured full cooperation and support to dataegde in rolling out the project. brThe event was attended by General Manager of Bangladesh Bank Chowdhury Mohidul Haque, Senior Economic Advisor of DFID Bangladesh Richard Boulter, Challenge Fund Manager of Remittance and Payments Partnership Project of Bangladesh Bank Robert Smith, Deputy Challenge Fun and Manager, Remittance and Payments Partnership Project of Bangladesh Bank Anwaruddin Chowdhury, Chairman of data edge limited Alauddin A Majid and other senior officials of the Sonali Bank Limited and dataedge. brRobert Smith emphasised the importance of this public-private initiative and wished all the best to the project.