Bank of Ceylon clinches Gold at LankaPay Technovation Awards

Bank of Ceylon’s General Manager D.M. Gunasekeara receiving the Gold award for the overall winner at the LankaPay’s Technovation 2017 from CBSL Governor Indrajith Coomaraswamy

Sri Lanka’s first and only payment technology innovation awards- Lanka pay Technnovation Awards 2017, awarded the Bank of Ceylon as the overall Gold winner for ‘Excellence in Interbank payments’ after being selected as No.1 for the highest number of awards, overall year on year revenue growth of all clearing products in rupee terms, total number of products connected to the Lankapay network, honouring the financial commitments on time by settling the dues within the credit period and finally to operational expertise leading to the least number of adjustments. 
Yet another No.1 award for the No.1 Bank in the country, for its capacity to handle a massive transaction volume efficiently. The event was organized to recognize banks and non-banking financial institutions that have been steadfast to the cause of using innovating technology to promote digital transactions and that have excelled in this endeavour. 
Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka was the Chief Guest and the Guest of Honour was the Counselor/ Deputy Head of Mission , Embassy of Japan in Sri Lanka Koji Yagi.
The Bank of Ceylon bagged two other category Gold awards in “Bank of the year for financial inclusivity” (Category A) based on highest aggregate growth volume from CAS/SAS, CCEFT, SLIPS, CITS, USD drafts, and USD online also in “Bank of the Year for customer convenience” (category A) for achieving the highest total volume growth compared to previous year from SLIPS, CAS, CEFT.  
Winners were selected through a very keen process where every participant who represented either a banking institution or a financial institution would be taken through a stringent marking against a set critera defined and communicated at the commencement of the competition. The selection was based on the inter-bank transactions carried out, value and volume, during the period from April 1, 2016 to March 31, 2017. 
The panel of judges comprised renowned personnel in the country’s financial industry. Participants represented a majority of service providers in the banking and financial sector in Sri Lanka. 
“Being the No.1 Bank in the country certainly gives a lot of weight in support of this award as the overall winner at- LankaPay Technovation Awards 2017. In terms of operational capacity and efficiency in handling massive volumes, what the bank has achieved today is unmatchable. Improvising in response to current needs of the country BOC expanded its horizon boundlessly through digital transformation that enabled all Sri Lankans to enjoy the convenience of banking thus promoting financial inclusion” stated the Chairman, President’s Counsel Mr. Ronald C. Perera. 
“Being the highest contributor to the common ATM switch operated by Lanka Clear (Pvt) Ltd., BOC has been contributing to break geographic barriers and penetrating into every socio-economic segment in the country fulfilling its commitment to provide seamless banking facilities to every Sri Lankan 24 hours a day” stated the General Manager D.M. Gunasekera.