Standard Chartered teams up with Mhadi My Loan

Standard Chartered partnered with 'My Loan', incorporated as Mhadi Support Services Ltd, as its Third-Party Sales partner in Bangladesh recently. Under the agreement My Loan will act as an authorised sales agent, working with the bank in serving a wider client-base, said a statement.

Lutful Habib, General Manager, Priority Banking, Deposits & Mortgages, and Md. Arikul Islam, Managing Director, My Loan, signed the agreement on behalf of their respective organisations.

Sabbir Ahmed, Head of Retail Banking, Bangladesh; Saadi Manzoorul Huq, Senior Product Manager, Personal Loans; Mir Mozaffer Hossain, Head, Business Risk Management; Zakiul Hoque, Head Client Acquisition, Md Wahidun Nabi, Manager, Business Risk Management, all from Standard Chartered were also present at the signing ceremony held at My Loan office premises.

Through this agreement, the bank aims to scale up its distribution network, bringing world-class financial products and services to a broader customer group. My Loan will leverage its strong online presence, digital analytical capabilities and consumer insights to effectively bridge customers to the Bank's products and services best-suited to their needs.

Speaking on the occasion, Sabbir Ahmed, Head of Retail Banking, Standard Chartered Bangladesh, said, "We are delighted to have My Loan join our third-party sales ecosystem. By building a collaborative ecosystem and strategic partnerships, we will continue to deliver our world-class suite of banking solutions at unprecedented scale in the coming years."

Md. Arikul Islam, Managing Director, Mhadi Support Services Ltd, said, "We are very excited to be in partnership with Standard Chartered Bank, as it will be a new milestone in terms of enabling a wide range of clients avail world-class banking products and services."