Sampath IT M.A.D Philosophy catalyses PABC digital journey

Pan Asia Banking Corporation Director/Chief Executive Officer Naleen Edirisinghe

Sampath IT Chief Executive Officer Mangala Rodrigo

Pan Asia Bank, a leading financial institution, has joined forces with Sampath Information Technology Solutions (SITS), a tech company renowned for its expertise in banking and financial services, to propel their digital transformation. This collaboration has resulted in the development of a cutting-edge loan origination solution: the credit approval system (CAS), aptly named Wave. This system combines advanced technology with user-centric integration based on design thinking principles.

One of Wave’s standout features is its flexible workflow management, with future upgrades set to include AI capabilities. Unlike conventional systems, Wave allows authorised users to dynamically create and adjust approval processes without the need for backend modifications. This adaptability ensures that Pan Asia Bank can efficiently tailor loan applications to meet specific customer needs, significantly enhancing customer satisfaction.

Wave is set to establish a new benchmark in the financial sector by modernising the business process workflow, it provides valuable insights into customer behaviour and preferences through tis detailed analytics, supporting strategic decision making and enhancing overall service offerings.

Expressing optimism about the project, Pan Asia Bank CEO Naleen Edirisinghe said, “The implementation of Wave marks a significant step forward in our commitment to technological advancements and superior customer satisfaction. It has transformed our loan processing capabilities and driven greater efficiency.”

Sampath IT Solutions CEO Mangala Rodrigo added, “We are humbled to partner with Pan Asia Bank on this groundbreaking initiative. Wave is designed to make a difference and empower financial institutions with advanced tools to thrive in today’s dynamic financial landscape.”

By implementing Wave, Pan Asia Bank aims to secure a competitive edge through innovation, staying ahead of the curve, and adapting to evolving client demands. This positions the bank as a leader committed to digital excellence. As technology advances, Sampath IT Solutions remains dedicated to fostering innovation and delivering transformative solutions to its clients through its M.A.D Philosophy.