CVC Finance Limited and OpenArc Systems Management Private Limited reached new heights in their relationship by signing an MoU on 22nd February to develop FinTech products for the digital transformation of CVCFL businesses. This technology partnership will allow both parties to develop and grow in this financial sector. OpenArc will develop and implement new financial technology solutions that would add to the competitive advantage of CVC Finance.
CVC Finance is a financial institution licensed by Bangladesh Bank with a diverse product portfolio that includes traditional lending and deposit products. It has been resilient in this pandemic to deliver the best value to its customer. Along with the traditional products, it has focused on creating alternate delivery channels leveraging technology.
OperArc Systems Management, based in Colombo Sri Lanka has 30 years of experience in developing software solutions for Banks, Leasing and Finance Companies. It has focused on digital financial products and services and it is now expanding globally.
Managing Director of CVC Finance Limited Syed Minhaj Ahmed signed the MoU with the CEO of OpenArc Mr. Daya Hettiarachchi who was present virtually. Mr. Ziaul Islam signed on behalf of OpenArc. Mr. Shah Wareef Hossain, Deputy managing director, Mr. Anwar Hossain Chowdhury, Head of IT, Mr. Faisal Amin, Head of Operations, and other officials from both parties were present.
Mr. Minhaj said, “In this new digital era, Technology is the key to achieve competitive advantage in any business. CVC Finance is focused on providing our customers with the best tech-enabled products. This partnership will enable us to create value addition to our deposit customers too”.
Mr. Daya commented, “It is very timely that we move together by joining our hands. OpenArc with its motto ‘Software Solutions with People Relationships’ always aims at building long-term business relationships with its clientele, for mutual benefits. Our new partnership with CVCFL too undoubtedly will be just a beginning of a fruitful synergistic journey.”