AB Securitas and Amana Bank introduce Brown Label SSD concept in Sri Lanka

From left: Amana Bank Legal Manager Shareef Ayubkhan, Business Process Re-Engineering/Automation Operations Manager Chandana Dissanayake, VP-Business Banking Irshad Iqbal, Legal Head Sulani Dayaratne, Chief Operating Officer Imtiaz Iqbal, Managing Director/CEO Mohamed Azmeer, AB Securitas Managing Director Phiroze Pestonjee, Director/CEO Pradeep Kannangara, Project Innovations Head Prasanna Aryaprema, Currency Senior Manager Lionel Rathnasekara, ATM Senior Manager Sanjaya Fernando and Branding & Communications Head Vipula Gunaratne

The AB Cash Management services entity, which is under AB Securitas, the leader in total loss prevention solutions provider in the country, recently introduced Total SSD Management in Sri Lanka.

This newest add-on to the products and services is the novelty concept of “Brown Label SSD. The project is operated under AB Cash Management to cater to multiple aspects and demands in Commercial and Industrial Security in Sri Lanka. The signing of the agreement for this new venture took place at Amana Bank with the participation of the managing directors of both organisations.

As a continuous service development, AB Securitas launched this new service together with the total solution where they look into the hardware management and service, electronic security, AC facility, and security guard services. This new system at the banks includes having one single point of contact, lack of capital expenditure (CAPEX) for banks as they charge a monthly service charge, no maintenance or staff cost, it’s hassle-free, and with this, banks can focus on giving their full attention to the core business as AB Securitas takes care of the non-core activities. The first system was launched with Amana Bank in Thoppur, Trincomalee.

Amana Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of the non-interest Islamic banking model. It offers the full spectrum of retail banking, SME banking, corporate banking, treasury, and trade finance services.

Amana Bank Managing Director/CEO Mohamed Azmeer said: “Amana Bank is honoured to collaborate with AB Cash Management Services and AB Securitas to operate our Self Banking Centres and remote ATM sites under the Brown Label Self Services Devices concept, which will ensure our customer’s an efficient service in these locations. This partnership will also enable us to accelerate the expansion of our Self Banking Centre network to remote locations in the country, thereby taking our unique people-friendly banking concept to the masses.”

Amana Bank Chief Operating Officer Imtiaz Iqbal said: “This partnership with AB Cash Management Services and AB Securitas will facilitate us to be more agile in providing our customers repetitive service while also leveraging on the strength and process efficiency of our collaborating partners.”

AB Securitas ATM Management Services Senior Manager Sanjaya Fernando said: “We have been providing a service for 11 years and serving 10 banks. Under this new concept, we hope to help develop the access required for customers around the island. We also look forward to offering this solution to all banks to revolutionise the ATM management industry so our users can have a better service experience.”

AB Securitas Director/CEO Ret. Wing Commander D. Pradeep S. Kannangara said: “We are delighted and honoured to inaugurate this monumental project with Amana Bank. AB Securitas has thrived in the industry as the total loss prevention solution service provider, being active throughout the pandemic as well. We look forward to continuously developing this concept and hope to take it to several more banks around Sri Lanka.”