Union Bank brings onboard new core banking system

Tuesday, 22 April 2014 00:01 - - {{hitsCtrl.values.hits}}

Union Bank of Colombo PLC (UBC) has successfully migrated to its new core banking platform which will add further value to its management processes and offer improved and more efficient services to customers. The state-of-the-art banking platform will support Union Bank’s entire core banking operations, including ATMs and online channels. The new core banking system provides a powerful banking platform that provides highly parameterised, enterprise-wide automation designed for growth. This bank customer-centric system effectively supports dynamic processing requirements by integrating robust core functionality with a number of best-of-suite products and services. Its sophisticated information and transaction processing platform is designed to continuously benefit clients and enhance the core functionality of the bank. It maximises the bank’s IT performance, increasing efficiency of service in operations and helps to transform significant aspects of the customer experience at the bank. Director/Chief Executive Officer of Union Bank Anil Amarasuriya said: “The new state-of-the-art core banking system places Union Bank at the helm of information technology in the banking industry in Sri Lanka. It will support the bank’s rapid expansion and enable the bank to deliver sophisticated technology driven financial solutions to customers.” He further stated that the new system is one of the most sophisticated solutions and is also used by some of the largest banks in Asia. The new system has been implemented by Silverlake Axis Ltd., Malaysia, a leading provider of digital economy solutions and Services for the banking and financial services sector.