MillenniumIT ESP implements Sri Lanka’s first Transparent Data Encryption solution for DFCC Bank

Monday, 3 March 2025 04:01 - - {{hitsCtrl.values.hits}}

MillenniumIT ESP CEO Shevan Goonetilleke

DFCC Bank Chief Information Officer Vindya Solangaarachchi

MillenniumIT ESP, a leading provider of enterprise technology solutions, has partnered with DFCC Bank PLC to achieve a significant milestone in banking data security.

Together, they have successfully introduced Transparent Data Encryption (TDE) into DFCC Bank’s core banking system — the first implementation of its kind in Sri Lanka.

This strategic initiative reinforces DFCC Bank’s commitment to adhering to the stringent Payment Card Industry Data Security Standard (PCI DSS), enhancing data security and fostering customer trust. The pioneering project sets a new benchmark for compliance and data protection within Sri Lanka’s financial sector, showcasing MillenniumIT ESP’s expertise and dedication to excellence. The implementation was carried out seamlessly, integrating TDE into the bank’s core system without disrupting daily operations. Comprehensive testing ensured full PCI DSS compliance, and ongoing support from MillenniumIT ESP will maintain the system’s optimal security and performance.

MillenniumIT ESP CEO Shevan Goonetilleke said: “This is a proud moment for us. Partnering with DFCC Bank to implement Sri Lanka’s first Transparent Data Encryption solution demonstrates our commitment to innovation in the financial sector. Together, we’ve established a new benchmark for secure and efficient banking.”

DFCC Bank Chief Information Officer Vindya Solangaarachchi said: “At DFCC Bank, we prioritise customer trust and data security. Collaborating with MillenniumIT ESP on this groundbreaking project has strengthened our defences against evolving cyber threats and reaffirmed our leadership in secure banking practices.”

The deployment of TDE marks a transformative step in Sri Lanka’s data security landscape, extending its significance beyond the financial sector. It exemplifies how partnerships between technology providers and institutions can drive advancements in cybersecurity and data protection. By setting this benchmark, MillenniumIT ESP and DFCC Bank are inspiring the broader adoption of cutting-edge security solutions across the industry, fostering greater trust in Sri Lanka’s financial and technology ecosystems.

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