Midland Bank PLC has signed a Memorandum of Understanding (MoU) with Axentec PLC, a subsidiary of Robi Axiata, to deploy advanced cloud technology for its data centre management and computing operations.
The signing ceremony took place at the bank’s head office in Gulshan-2, Dhaka, according to an official statement. Imtiaz U Ahmed, Managing Director and Chief Executive Officer of Midland Bank, and Md. Adil Hossain Noble, Managing Director and Chief Executive Officer of Axentec, executed the agreement on behalf of their respective organisations.
Axentec has recently introduced a locally hosted Tier-4 cloud platform, branded “Axentec Cloud”. Tier-4 certification is internationally recognised as the highest standard for data centre infrastructure, designed to ensure full fault tolerance and continuous service availability. Such infrastructure typically incorporates redundant power and cooling systems, enabling uninterrupted operations even during maintenance or unexpected disruptions.
Under the MoU, Midland Bank will adopt this platform to manage its computing and data centre requirements. The bank expects the transition to strengthen system resilience, improve data protection, and enable scalable expansion of its digital services. The move aligns with broader efforts within the banking sector to modernise technology frameworks and support increasing demand for secure, high-availability digital services.
Axentec will provide end-to-end cloud support, including infrastructure services and network capabilities, to meet the bank’s operational needs. The collaboration is intended to facilitate Midland Bank’s ongoing digital transformation initiatives by providing access to locally hosted, enterprise-grade cloud solutions.
Other senior officials were present at the event, including Md. Nazmul Huda Sarkar, Deputy Managing Director and Chief Technology Officer of Midland Bank, and Istiaque Ahmed Bhuiyan, Senior General Manager for Advanced Networking and Cloud Business at Axentec. Representatives from both organisations attended the ceremony.
The agreement establishes a framework for cooperation between the two entities, with implementation expected to proceed in phases as the bank integrates the cloud platform into its existing technology infrastructure.