Siyapatha Finance wins prestigious Infosys Finacle Transformation Excellence Award

Siyapatha Finance Managing Director Ananda Seneviratne (left) and Manager IT Manjula Balasuriya 

Siyapatha Finance PLC has won the Transformation Excellence Award at the 2021 globally acclaimed Infosys Finacle Innovation Awards, reiterating the strength and excellence of the organisation’s digital transformation ecosystem. 

Siyapatha Finance is the first company in the non-banking industry in Sri Lanka to implement a digital leasing operation with Infosys Finacle to improve efficiencies and deliver a fast service to its customer base.

“We are honoured and absolutely delighted to be recognised for our efforts on a global platform such as the Infosys Finacle Innovation Awards. This reflects the continued success of the organisation’s digitisation agenda and our steadfast commitment to continuously improving our IT applications,” said Siyapatha Finance PLC Managing Director Ananda Seneviratne. “The company’s digital strategy is focused on prioritising new offering to meet the needs of its customer. We use technology as an enabler to empower our customers to go the extra mile and with the implementation of this new digital leasing operation, our customers will now be entitled to more robust conveniences.”

As an organisation that is keen to adopt initiatives that will enhance its digital service offering to customers, Siyapatha Finance is continuously innovating and working to introduce easy to use solutions via the latest technologies. Leveraging the cutting-edge Infosys Finacle Core banking solution, the organisation is also better positioned to offer customers improved delivery of financial services.

“Siyapatha Finance PLC considers it a distinct privilege to have been recognised for the Infosys Finacle Client Innovation Award 2021, for its Digital Leasing Platforms. As a subsidiary of Sampath Bank PLC, we have undertaken a strategic transformation program to introduce technological innovations designed to improve our IT processes. A key focus area includes deepening financial inclusion in Sri Lanka with the introduction of innovative products and services. This partnership with Infosys Finacle further strengths our commitment towards transforming our organisation to provide cutting edge fintech services with full automation,” Manager IT Manjula Balasuriya said.

Finacle is the industry-leading digital banking solution suite from EdgeVerve Systems, a wholly-owned subsidiary of Infosys. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights–driven interactions and ubiquitous automation. The Infosys Finacle Client Innovation Awards is an annually held event and this year over 250 nominations were received across ten categories. 

Siyapatha Finance PLC is a fully-owned subsidiary of Sampath Bank PLC, with an accumulation of over 15 years of experience in the non-bank financial service industry. The organisation is a key player in the country’s Non-Banking Financial Institutions sector with a lending portfolio consists of leasing, personal loans, business loans, gold financing, fixed deposits, savings and factoring (debt financing) operations. Growing from strength-to-strength Siyapatha Finance has firmly established itself as one of the most trusted premier financial service providers in Sri Lanka with a network with 40 branches in principal cities and towns.