Sunday, 5th April 2026
Khabor Wala Desk
Published: 20th January 2026, 2:24 PM
Brac Bank has entered into a strategic agreement with Nippon Paint Bangladesh to provide advanced transaction banking solutions. The partnership aims to strengthen Nippon Paint’s receivables management, enhance operational efficiency, and ensure greater transparency across its dealer and distributor collection processes.
Under the terms of the agreement, Nippon Paint will integrate its systems via API with Brac Bank’s digital transaction banking platform, ‘CorpNet’. This integration will allow financial data collected from over 200 distributors to be reflected in real-time within Nippon Paint’s Enterprise Resource Planning (ERP) system. The initiative is expected to improve cash flow visibility, simplify reconciliation processes, and reinforce financial control across the company’s distribution network.
The signing ceremony took place on 14 January 2026 at Brac Bank’s headquarters. Senior executives from both organisations were present to witness the event:
| Organisation | Representative | Designation |
|---|---|---|
| Brac Bank | Md. Shaheen Iqbal, CFA | Deputy Managing Director & Head of Wholesale Banking |
| Brac Bank | Asif Bin Idris | Deputy Managing Director & Head of Corporate, Commercial and Institutional Banking |
| Brac Bank | A.K.M. Faisal Halim | Head of Transaction Banking |
| Brac Bank | S.M. Musa | Area Head of Relationship Unit |
| Nippon Paint Bangladesh | Rajesh Sircar | General Manager |
| Nippon Paint Bangladesh | Salah Uddin | Senior Manager |
Commenting on the collaboration, Brac Bank highlighted that the initiative reflects its commitment to empowering corporate clients through technology-driven banking solutions. The bank emphasised that the partnership will enable corporate customers like Nippon Paint to improve institutional efficiency, boost operational transparency, and enhance confidence in financial management.
The CorpNet platform is designed not only to streamline transactional processes but also to provide enhanced reporting, analytics, and receivables management capabilities. Through this system, Nippon Paint will be able to monitor cash flow, detect discrepancies quickly, and maintain accurate financial records with minimal manual intervention.
Industry analysts view this move as a significant step toward digital transformation in corporate banking, particularly for large-scale distribution networks. By adopting API-based transaction banking, Nippon Paint strengthens its financial oversight while positioning itself for sustainable business growth.
This collaboration is expected to set a benchmark for technology-driven corporate banking solutions in Bangladesh, demonstrating how digital platforms can enhance efficiency, transparency, and control in complex business operations.
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