Al-Arafah Islami Bank, Provati Insurance sign deal to digitise premium payments in Bangladesh
NEW YORK, December 30, 2025, 22:59 ET Bangladesh’s Al-Arafah Islami Bank PLC (AIB) has signed a memorandum of understanding with Provati Insurance PLC to support digital premium collection and related reporting, the companies said in a press release. (https://www.newagebd.net/post/mis/286587/aib-signs-agreement-with-provati-insurance) The move matters because insurers rely on steady premium inflows, and the partners are pitching a system designed to make collections more secure and easier to track. The release also points to growing demand for real-time reporting in payment flows, as firms look to reduce delays between money being paid and records being updated. Under the agreement, the firms said the