Midland Bank PLC has signed a memorandum of understanding (MoU) with Easy to Europe, a consultancy firm based in Germany, and Tripzik Limited, a travel company, for an online cash management solution.

Mohd Javed Tarek Khan, head of the bank's institutional banking division, Md Zahid Hasan, proprietor of the educational consultant company, and Fazley Rabbi, chairman of the travel company, penned the MoU at the bank's head office in the capital's Gulshan recently, said a press release.

Under the agreement, Easy to Europe and Tripzik Limited will use the robust online cash management solution of "Midland Cash Management (MCM)" for conducting their daily business banking and cash management activities nationwide.

Among others, Mohammad Hassibur Rahman, head of cash management of the bank, Mohammed Rashadul Anwar, head of public relations division, and Ashrafur Rahman, relationship manager, were also present.