October 19, 2023 || Launching of Swift payment pre-validation

Social Islami Bank Limited has arranged a launching ceremony of Swift Payment Pre-validation on 17 October at its Head Office. This 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.

Zafar Alam, Managing Director & CEO of Social Islami Bank chaired the program where Sido Bestani, Managing Director for the Middle East, Africa, South & Central Asia of Swift was present as chief guest. Among others, Mohammad Forkanullah, Deputy Managing Director, Akmal Hossain, Head of International Division, Kiran Shetty, CEO & Regional Head for India & South Asia and Arpita Ghosh, Country Manager for Bangladesh were also present in the program.