Midland Bank signs MoU with Axentec to adopt Tier-4 cloud technology

Midland Bank PLC has signed a memorandum of understanding (MoU) with Axentec PLC, a connectivity, cloud and technology solutions company and a subsidiary of Robi Axiata PLC, to adopt advanced cloud technology for its data centre and computing needs.

Imtiaz U Ahmed, managing director and CEO of the bank, and Md Adil Hossain Noble, managing director and CEO of the technology solutions company, signed the MoU at the bank’s head office in Gulshan-2, Dhaka recently, according to a press release.

Axentec recently launched the country’s first locally hosted Tier-4 cloud platform, titled “Axentec Cloud”, marking a milestone in Bangladesh’s digital infrastructure landscape.

Under the agreement, Midland Bank will use the platform to enhance operational efficiency, data security and the scalability of its technology infrastructure. Axentec will also support the bank’s computing and cloud service needs, helping accelerate its digital transformation and improve customer services.

Md Nazmul Huda Sarkar, deputy managing director and chief technology officer of the bank, and Istiaque Ahmed Bhuiyan, senior general manager of advanced networking and cloud business at the technology solutions company, along with other senior officials from both organisations, were also present at the ceremony.