3815019 - How to update the Descriptor's name for EUR and GBP account?

At present, our employees see 'Company X' listed as the payer on their bank statements. However, we would like to update it to display 'Company Y' instead as we change our company name. Could you please guide us on the necessary steps to implement this change? Also, we would like to understand if there are any legal or banking requirements we need to consider.

Our company has undergone a name change, and we need to ensure that the new name appears in employees' accounts whenever they receive reimbursement payments. , KBA , CON-EXP-ADM-ADF , Add Funding Account , Problem