MTB launches Trade X to digitise trade transaction requests
Mutual Trust Bank PLC (MTB) has introduced "MTB Trade X", a digital platform aimed at transforming the way trade transaction requests are submitted and acknowledged.
The launch marks a major step forward in MTB's drive for comprehensive digital transformation in trade services.
According to MTB, Trade X is the country's first robust in-house-developed solution of its kind.
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With MTB Trade X, the bank has transitioned from traditional, paper-based processes to a fully digital ecosystem.
Trade customers can now initiate and track transactions in real time from anywhere, eliminating the need for physical paperwork and branch visits.
The platform is expected to deliver greater efficiency, transparency, and convenience for businesses.
MTB Trade X is an in-house innovation, conceptualised, engineered, and developed by MTB's Digital Banking Division in collaboration with the Business and Trade Operations teams.
At the launch, Syed Mahbubur Rahman, Managing Director and CEO of MTB, said the solution would ensure a superior customer experience, faster processing, and seamless tracking.
He noted that although Bangladesh has yet to adopt regulations for Electronic Transferable Records (ETRs), MTB Trade X positions the bank to be "plug-and-play ready" for a fully digital trade environment—from origination to final settlement, including customs clearance.
The inauguration was attended by Syed Mahbubur Rahman, Managing Director and CEO; Chowdhury Akhtar Asif, Additional Managing Director and Chief Business Officer; Md Shamsul Islam, Deputy Managing Director and Head of Treasury; as well as the Heads of the Operations Divisions, and other senior officials.
Their presence underscored the strategic significance of MTB Trade X in shaping Bangladesh's evolving trade finance ecosystem.
