Prime Bank joins Singapore’s digital trade ecosystem

Prime Bank PLC has been recognised as a TradeTrust-Ready Partner, marking a milestone in the bank’s digital trade journey.

TradeTrust, developed by Singapore’s Infocomm Media Development Authority (IMDA), is an open-source framework that enables the trusted and interoperable exchange of electronic trade documents across different systems and borders.

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By becoming TradeTrust-Ready, Prime Bank has demonstrated its readiness to use TradeTrust-enabled electronic trade documents, supporting more trusted and interoperable cross-border digital trade.

To mark the occasion, the bank recently organised a commemorative session at Prime Tower in Nikunja, Dhaka, according to a press release.

Commenting on the recognition, Syed Sazzad Haider Chowdhury, deputy managing director and chief information officer of the bank, said, “This recognition proves that our trade infrastructure meets the world’s digital benchmarks, empowering local and international traders to eliminate courier delays, lower costs, and accelerate cross-border commerce.”

Md Tanveer Bin Hasan, head of trade digitalisation and innovation, shared his insights into the future of digital trade.

This recognition places Prime Bank at the forefront of cross-border paperless trade, advancing the vision of a digitally integrated economy, the release added.

Sajjad Hossain, executive vice-president and head of trade at the bank; Tamim Anam, head of LC processing; and Mohammad Rafiqul Islam, export head, were also present at the ceremony.