NRB Bank inks agreement with Oracle Financial

NRB Bank PLC has signed an agreement with Oracle Financial Services Software (OFSS) and its local partner, Data Edge Limited, to upgrade its core banking system to Oracle FLEXCUBE UBS Version 14.8.

This marks the first-ever implementation of UBS 14.8 in Bangladesh, representing a significant milestone in the bank’s ongoing efforts to strengthen its digital banking capabilities and modernize its technology infrastructure.

The agreement was signed recently at a ceremony in Dhaka, where NRB Bank Managing Director Tarek Reaz Khan and Data Edge Limited Chairman Noor Alam Chowdhury exchanged the agreement documents.

The event was also attended by NRB Bank Deputy Managing Directors Md Shaheen Howlader, Anwar Uddin and M. Rashidul Huda, alongside Data Edge Limited Managing Director Asifuzzaman Chief Business Officer Asim Talukdar, and OFSS representatives K Rajesh Kumar, Saujato Guin, and Satish Krishnamoorthy.

The upgraded platform is expected to enhance customer service, improve operational efficiency, and ensure better alignment with evolving banking technologies.

It will further strengthen NRB Bank’s digital readiness and support its long-term growth ambitions in Bangladesh’s increasingly competitive banking sector.

“This initiative reflects NRB Bank’s commitment to digital transformation and our dedication to meeting the growing expectations of our valued customers.”

Tarek Reaz Khan, Managing Director, NRB Bank PLC “We are fully committed to ensuring the successful and timely implementation of this project, and confident it will deliver tremendous value for NRB Bank and its customers.” Noor Alam Chowdhury, Chairman, Data Edge Limited.