NRBC Bank has signed a new agreement with May International Trade Services to modernize how it handles foreign trade banking, and the move aims to make trade faster, safer and more helpful for customers right from the start. Under the deal, the bank will use digital tools that show real-time vessel movements, track containers and check prices for imported goods so staff can confirm facts quickly and reduce mistakes. By using clear data on shipments and product prices, the bank will strengthen its checks and lower the chance of fraud or wrong payments, which helps importers and exporters plan with more confidence. The agreement was signed at the bank’s head office by NRBC Bank managing director and chief executive officer Md Touhidul Alam Khan and May International managing director and chief executive officer Syed Aminul Kabir, and senior officials from both sides attended to prepare for the launch. May International runs a technology-driven platform focused on maritime data and price analytics, and its tools will give the bank live information that used to take much longer to find. Clients should see faster trade clearances, fewer delays at ports and simpler steps to verify the value of goods moving across borders. Smaller traders and manufacturers who sell or buy goods overseas often face long waits and extra costs when documents are slow or data is missing, and this partnership aims to ease that strain by giving clear signals about when goods will arrive and how much they should cost. The move will also tighten the bank’s due diligence for loans, letters of credit and other trade services so transactions become more secure for buyers, sellers and banks alike. NRBC Bank plans training programs so staff can learn the new tools and advise customers on safer trade practices, and the team will test systems and roll out services step by step to avoid sudden disruption. The partnership is designed to help local businesses by making it easier to move goods and secure payment, which can help sellers reach new buyers and make shipping smoother. Over time the bank may add more services, link with other digital systems and offer faster online support for customers managing trade from small towns to big cities. This upgrade shows how banks and tech firms can work together to fix real problems in trade, and for many traders the promise is clear: better information, quicker service and less risk when goods cross borders. Officials say the arrangement will help the bank deliver more value to clients involved in foreign trade and strengthen its international banking services as the new tools come into use. Customers can expect simpler steps, clearer fees and faster responses during each transaction.
