BM Desk:

Social Islami Bank Limited inaugurated Swift Payment Pre-validation on October 17 at its head office.

SIBL authority stated that the initiative positions SIBL as one of the pioneering banks to go live with Swift Payment Pre-validation. By leveraging Swift’s API technology and utilizing top-tier data sources, Social Islami Bank can now verify crucial information before executing cross-border payments.

Managing Director and CEO Zafar Alam chaired the launching ceremony, while Sido Bestani, Managing Director for the Middle East, Africa, South Asia, and Central Asia at Swift, was present as a chief guest.

Among others, Mohammad Forkanullah, Deputy Managing Director; Akmal Hossain, Head of International Division; Kiran Shetty, CEO and Regional Head for India and South Asia; and Arpita Ghosh, Country Manager for Bangladesh, were also present in the programme.