MBSL banks on AFFINITI for collection and recoveries

Tuesday, 29 November 2022 02:43 - - {{hitsCtrl.values.hits}}

Affiniti Innovations Director/ CEO Thilina Kumarapthirana

MBSL Chief Executive Officer Dammika Hapuhinna

Merchant Bank of Sri Lanka & Finance PLC (MBSL) is currently using the Affiniti Collect Plus in managing their collections and recoveries.

Designed and developed by Affiniti Innovations, the Affiniti Collect Plus uses proprietary algorithms and state of the art technologies.

Speaking to our newspaper, MBSL Chief Executive Officer Dammika Hapuhinna had this to say: “Being a financial institution accepting public deposits assuring guaranteed returns, we should be extremely vigilant in ensuring timely collection of the loans granted. However, factors such as unfavorable economic conditions, transaction volumes and product complexities make receivable management rather difficult.

“To be efficient, use of modern technology is essential, and it is exceptionally effective in challenging times. By harnessing the benefits of the cutting-edge digital technologies in delinquency management, we at MBSL use Affiniti Collection and Recovery software in streamlining and automating receivable management.”

Delighting the customer is the reason for Affiniti Innovations to keep on innovating its products said Affiniti Innovations Director/CEO Thilina Kumarapthirana

“We are proud of completing the implementation of the Affiniti Collect Plus within the agreed time and it is very encouraging to see that MBSL is now harnessing the benefits of the system.”