Imperium and CPS offer Digital Loan Origination and Management System

Imperium (Pvt.) Ltd, leading software design, development, technology and services company has strategically teamed up with India based Cognitive Platform Solutions (CPS), a Software Product Development Company specializing in Digital Transformation Solutions, to offer the iProof Loan Origination and Management Solution (LOS/LMS).

Commercial Bank and Sampath Bank introduce real-time online Customs payments

Commercial Bank of Ceylon PLC and Sampath Bank PLC together announced the introduction of real-time, online payments to Sri Lanka Customs through their respective online banking platforms.  Having received all necessary regulatory approvals, the two leading private banks are the first to go live with this service.

Vallibel Finance records exceptional year as income surpasses Rs.5 billion

Vallibel Finance PLC reported its strongest performance ever on the back of yet another impressive financial year with key indicators for the year 2016/2017 returning exceptional reading, firmly entrenching the company’s standing as the name-bearer of diversified Vallibel Group and a leading light of the finance industry.

Amana Bank doubles capital; rights issue oversubscribed

Amãna Bank was infused with over Rs.4.75 billion to its capital base, when its shareholders expressed confidence in the bank resulting in its recent rights issue being oversubscribed. 

ACCA Sri Lanka welcomes 77 new members to fraternity

ACCA (The Association of Chartered Certified Accountants) Sri Lanka held its New Members Ceremony recently, at the Oak Room, Cinnamon Grand, to celebrate the achievement of 77 new ACCA members, who have attained the membership milestone during the last year.

People’s Leasing initiates leasing partnerships with Lanka Ashok Leyland

Sri Lanka’s leading non-bank finance company People’s Leasing and Finance PLC (PLC) exclusively tied up with Lanka Ashok Leyland PLC (LAL) for promoting Eagle A/C Mini Buses. 

Pan Asia Bank offers ultimate low interest credit card solutions

Following the directive of the Central Bank to lift the maximum interest rate cap on credit cards, Pan Asia Bank DGM Marketing and Personal Banking Nalaka Wijayawardana shared his views on the way forward for Pan Asia Bank credit cards and how the bank plans to fulfill the role as the ‘Understanding Bank’ in midst of the recent developments.

HNB partners SL Customs for real-time customs duty payments

HNB, Sri Lanka’s largest private sector bank now offers its retail and corporate customers real-time, customs duty payment facility with Sri Lanka Customs. 

NTB Amex rewards cardmember with journey around country

The Nations Trust Bank (NTB) American Express (Amex) cardmembers were given the opportunity to win an all-expense paid journey around the country with its latest promotion ‘Explore Sri Lanka’.  The promotion, which concluded on June 30, 2017, required the cardmembers to pump fuel for just Rs.2,500 or more to be eligible to win this fantastic trip. At the end of the promotion, one cardmember and a companion were awarded with an al

Amazing discounts at Browns Hotels and Resorts for Seylan card members

‘The bank with a heart’, Seylan Bank is partnering with Browns Hotels and Resorts to offer its credit card members an unforgettable holiday experience at The Eden Resort and Spa, The Paradise Resort and Spa, The Calm Resort and Spa and Dickwella Resort and Spa for this holiday season. 

HNBA offers protection proposition for your employees

HNB Assurance PLC (HNBA) unveiled its Group Life product, offering four predefined packages that businesses could choose from in providing the financial protection that their staff need. 

LB Finance expands to Mannar

LB Finance, Sri Lanka’s trailblazer in innovative financial services, recently opened a new branch at No: 187, Main Street, Mannar.

NDB wins 5 awards at Asian Banking and Finance Awards 2017

NDB was adjudged Domestic Retail Bank of the Year - Sri Lanka and SME Bank of the Year - Sri Lanka for the fifth consecutive year at the recently concluded Asian Banking and Finance (ABF) Retail Banking Awards 2017. 

SimpleCRM to revolutionize banking, financial and insurance landscape

Comprehensive and an affordable customer relationship management (CRM) software founded by a passionate and one of the most experienced CRM teams in Asia, SimpleCRM, recently started delivering its solutions to the Sri Lankan banking, financial services and insurance industry. 

Bank of England opens up payments systems to spur fintech

The Bank of England has widened access to Britain’s interbank payments system to increase competition from new fintech firms in the financial system, where the ‘Big Four’ high street banks have long dominated.

Sampath Bank’s Kandambi Jassim honoured for leadership in banking and finance

Sampath Bank announced that.Shashi Kandambi Jassim, Senior Deputy General Manager – Corporate Banking, has received the Gold award in the Banking and Finance category at the “Top 50 Professional and Career Women Awards” held recently.

International University of Japan partners with Epic to launch cyber security lab

Regional technology leader Epic Technology Group, synonymous with FinTech solutions, takes the lead in technology development by opening a cyber security management lab in Japan, a first by a Sri Lankan FinTech company outside Sri Lanka.

Amãna Bank wins two more global accolades

Amãna Bank has strengthened its market leadership position as the Best Islamic Banking and Finance Institution in Sri Lanka when it was recently bestowed with two separate international accolades by The Banker and Global Finance magazines respectively in their coveted award rankings dedicated for Islamic Banking and Finance. 

Stock market breaks through with strong gains in first half of 2017

The Colombo Stock Exchange (CSE) has recorded a noteworthy turnaround in the first half of 2017, having started the year on the back of a slow-moving 2016. The Benchmark All Share Price Index (ASPI) has made consistent gains to record an 8.23 percent gain year-to-date, and as of 17th July stands at 6,741.07. 

Banking is fun with Cargills Bank lifestyle website

Cargills Bank Limited makes banking fun with the launch of its new lifestyle banking website at www.cargillsbank.com.

Nations Trust Bank ATM opens in Megalle

Nations Trust Bank unveiled a brand new, state-of-the-art off-site ATM at ‘Sahana’, in Megalle, Galle. 

Economic Summit to discuss impact of China’s ‘Belt and Road’ initiative for Sri Lanka

Sri Lanka Economic Summit 2017 will deliberate how Sri Lanka can harness opportunities out of China’s ambitious plans to set up a network of railways, roads, pipelines, and utility grids that would link China with the Asian region.

B’desh central bank lauds Pan Asia Bank for preventing world’s largest bank heist

Pan Asia Banking Corporation PLC, Sri Lanka’s fastest growing commercial bank, last week received praise from the topmost official of the Bangladesh central bank for the foremost role the bank played in preventing in what could have been the world’s biggest bank robbery in history. 

Euromoney names HSBC Asia’s Best Bank

The Hongkong and Shanghai Banking Corporation (HSBC) has been named Asia’s Best Bank at Euromoney Awards for Excellence 2017.

ACCA Global President visits CA Sri Lanka

Global President of the Association of Chartered Certified Accountants (ACCA) Brian McEnery paid a courtesy call at the Institute of Chartered Accountants of Sri Lanka recently, where matters in relation to the development of the accounting profession was discussed at length. 

CDB’s pioneering e-finance platform CDBiNet launched

In its constant quest to reach customer service excellence, Citizens Development Business Finance PLC (CDB) launched a revolutionary customer transaction online portal that takes customer convenience to higher realms. 

CIFC project: Unlike constructing another Roman road or Egyptian pyramid

One might observe when passing Galle Face, the upcoming project Colombo International Financial City (CIFC), is where once the Colombo Port City  was planned.

ICICI Lombard files for first Indian IPO by a non-life insurer

REUTERS: ICICI Lombard General Insurance Co Ltd has filed for an initial public offering (IPO) of shares in what would be the first IPO by a non-life insurance company in Asia’s third-largest economy.

SDB launches Top Saver savings account

Sanasa Development Bank PLC (SDB) recently launched the Top Saver savings account in conjunction with its 20th anniversary celebration.

Standard Chartered’s Transaction Banking wins big

Standard Chartered’s Transaction Banking carried away four out of the five coveted awards at the Asset Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2017 for the South Asia region.