Rising technology focussed South Asian bank, Bank Asia, have signed on to RemitONE’s money transfer management solution, the R1 MTMS. Founded in 1999, Bank Asia’s commitment to providing modern and value added banking services to customers is unparalleled.

With around 65 branches in Bangladesh and one in the UK, Bank Asia were looking for a reliable technology provider in the remittance industry to provide them with an end to end remittance solution that can enable them to create, manage and pay out remittance transactions in a cohesive and automated manner. They were seeking a robust remittance system with a central repository to manage transaction delivery efficiently. They evaluated several vendors and chose RemitONE because of the credibility and proven success of its systems worldwide.

Bank Asia are a progressive financial institution with a historical focus on cutting edge technologies. An additional reason they chose RemitONE was for its expertise in developing online and mobile remittance technologies which can benefit Bank Asia’s customer base.

Mr Azad , CEO of Bank Asia Exchange UK, said

“We really look forward to using RemitONE’s money transfer management solution to manage our global operation. In the next phase of operation, we will make use of the RemitONE system’s flexibility to accept transactions from our correspondent agents worldwide and distribute them through our delivery network in Bangladesh.”

Mr Anwar Saleem, MD of RemitONE, commented,

“We are very excited to be working with Bank Asia. We are thrilled about the future of the remittance industry and are proud to be working with Bank Asia to make the entire remittance experience as convenient and pleasant as possible for the end customer.”