Business News


Renowned American bank, JPMorgan Chase, has recognized BRAC Bank Limited for consistency and reliability in automated payment processing. The international recognition came for achieving the best-in-class Straight Through Processing (STP) payments in both MT202 and MT103 categories for the second consecutive years. STP is the automated process of payments without manual intervention that increases processing speed, minimizes routing errors, lowers operation and transaction costs while resulting in efficient, rapid payment execution and credit to the bank and the customers it serves.

Chowdhury Akhtar Asif, Deputy Managing Director and CRO, BRAC Bank, received the award from Christine Tan, Managing Director, Head of Asia Pacific- Financial Institutions Group of JP Morgan Chase at BRAC Bank Head Office in Dhaka recently. Commenting on the recognition, Chowdhury Akhtar Asif said: “This award is the recognition of BRAC Bank’s inter-bank and clients transactions being carried with speed and accurately, saving time and cost while minimizing risks. We are very proud to receive this prestigious award as it demonstrates our commitment in providing the most advanced processes, systems and services to our customers. I would like to dedicate this award to our employees and partners whose relentless effort have played a significant role in achieving this success.”

Source: The Financial Express, 09.10.2019