BRAC Bank has signed a Software License Agreement with Veefin Solutions Private Limited (India) to implement Loan Origination System (LOS).
Thecooperation will help the bank develop a module for mechanizing its SME and Retail lending operations and essentially reduce the processing time for faster disbursements.
Md. Sabbir Hossain, Deputy Managing Director and Chief Operating Officer (COO), BRAC Bank Limited, and Raja Debnath, Director, Veefin Solutions Private Limited, signed the deal at the bank’s Head Office in the capital on November 28, 2021.
Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, and Md. Mahiul Islam, Head of Retail Banking, BRAC Bank, were also present on the occasion.
As BRAC Bank has an extensive customer base in SME and Retail segments, the system is expected to significantly benefit the customers across the country.
