Midland Bank PLC has signed a Memorandum of Understanding (MoU) with Axentec PLC, a subsidiary of Robi Axiata, to adopt advanced cloud technology for its data centre management and computing needs.
The MoU signing ceremony was held at the head office of Midland Bank in Gulshan-2, Dhaka, reads a press release.
Imtiaz U Ahmed, managing director and CEO of Midland Bank PLC, and Md Adil Hossain Noble, managing director and CEO of Axentec PLC, signed the agreement on behalf of their respective organisations.
Axentec has recently launched the country’s first locally hosted Tier-4 cloud platform, “Axentec Cloud”, marking a significant milestone in Bangladesh’s digital infrastructure landscape.
Under the agreement, Midland Bank will leverage the platform to enhance operational efficiency, data security and the scalability of its technology infrastructure.
As part of the collaboration, Axentec will facilitate the bank’s computing and cloud service requirements, enabling Midland Bank to further strengthen its digital transformation and deliver improved services to customers.
Md Nazmul Huda Sarkar, deputy managing director and CTO of Midland Bank PLC, and Istiaque Ahmed Bhuiyan, senior general manager, Advance Networking and Cloud Business of Axentec PLC, were also present at the ceremony, along with other senior officials from both organisations.
