Al-Arafah Islami Bank, Provati Insurance sign deal to digitise premium payments in Bangladesh
Al-Arafah Islami Bank and Provati Insurance signed a memorandum of understanding to develop digital premium collection and real-time reporting, the companies said Tuesday. The partnership will focus on data security and faster financial reconciliation. No financial terms or rollout timeline were disclosed. Senior executives from both firms attended the signing in Dhaka.
