LEADS Corporation Ltd., one of the country’s leading fintech and information technology companies, has embarked on a new journey with renewed momentum after bringing all legal uncertainties and complexities to a definitive end.In July 2024, Western Group, one of Bangladesh’s leading industrial conglomerates, acquired 100% of the shares of LEADS Corporation Ltd. However, an ongoing legal dispute regarding the ownership rights of its Core Banking Software (CBS), BankUltimus, created uncertainty among banks and financial institutions, according to a press release.The matter was finally resolved on July 27, 2026, when the Appellate Division of the Supreme Court, through a landmark verdict delivered by the full bench in Civil Appeal No. 46 of 2025, declared the lower court’s auction and attachment orders invalid. As a result, the full ownership and intellectual property rights of the software were secured in favour of LEADS Corporation Ltd., effectively removing all legal obstacles to the company’s future growth and operations.
Commenting on the development, Mr. Bashir Ahmed, Managing Director of Western Group, said: “The partnership between LEADS Corporation and Western Group will open new opportunities in Bangladesh’s technology and fintech sectors. By developing and exporting internationally recognised software solutions, we will be able to generate foreign currency earnings and contribute significantly to increasing our country’s foreign reserves”.Mr. Nahfid Ahmed Anonno, Managing Director of LEADS Corporation Ltd. and Director of Western Group, stated: “By further strengthening our technological capabilities, we will be able to play an even more effective role in the digital transformation of Bangladesh’s banking and financial sectors. We have already developed a new Universal Banking System called ‘FingineX,’ which offers advanced banking services and can compete with internationally recognised Core Banking Solutions.”
Mr. Anisur Rahman Khan, CEO of LEADS Corporation, added: “Today, LEADS is operating with greater efficiency and higher service standards than ever before. Alongside supporting our existing software solutions, we continue to innovate and develop new software products to meet the evolving needs of the market.”
The press release says LEADS Corporation’s Core Banking Solution (CBS) is currently being used successfully by 13 renowned public and private banks in Bangladesh, making the company the country’s largest provider of such a solution (CBS). Most recently, Ansar-VDP Unnayan Bank signed an agreement with LEADS Corporation to implement their modern online Core Banking Solution.
For more than three decades, LEADS Corporation has been providing software solutions and technology-driven services to Bangladesh’s banking and financial sectors. Keeping pace with technological advancements and changing customer demands, the company continues to modernise its products and services.
