Southeast Bank holds workshop on ISO 20022

Southeast Bank Ltd organised a workshop styled "Transitioning to ISO 20022" with the support of JPMorgan Chase Bank NA, USA at its training institute in Dhaka on Tuesday.

A total of 46 participants were present at the workshop conducted by Shibu Thomas, executive director and head of APAC product solutions specialist of JPMorgan Chase Bank NA.

Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, inaugurated the event, said a press release.

ISO 20022 is a messaging standard that creates a common language for payment data across the globe, enabling faster processing and improved reconciliation.

ISO 20022 migration is a global initiative, which aims to achieve harmonised standards for the exchange of high-value payment messages.

Sazzad Anam, executive director and head of financial institutions, treasury service of JPMorgan Chase Bank NA, Bangladesh representative office, and Md Jahangir Kabir, executive vice-president and head of international division, and other senior officials of both organisations were present.