Monday Feb 03, 2025
Monday Feb 03, 2025
Monday, 3 February 2025 04:12 - - {{hitsCtrl.values.hits}}
SLT-Services Chief Operating Officer Asela C. R. Galappattige (left) exchanges agreement with Department of Samurdhi Development Director General C. D. Kaluarachchi. Others from left: SLT-Services Head of Marketing Indika Bandara Tammita and General Manager (Network and Solutions) Dhammika Karunarathna.
Sri Lanka Telecom (Services) Ltd., a leading ICT systems integrator, has partnered with Samurdhi Bank to accelerate its digital transformation journey.
This strategic collaboration introduces ‘FinOps’, SLT-Services’ homegrown, locally developed digital core banking software, designed to modernise and optimise operations across Samurdhi Bank’s extensive network of over 900 branches nationwide over the five years.
The FinOps Digital Core Banking System, developed entirely by SLT-Services’ in-house team, is tailored to address the unique challenges and opportunities faced by Sri Lanka’s financial institutions. This cutting-edge platform offers advanced features such as intuitive digital interfaces, seamless mobile application for field collections and automated workflows. Its robust security framework and modular architecture ensure adaptability and scalability, positioning it as the ideal solution for Samurdhi Bank’s expanding operations.
The implementation of FinOps has enabled Samurdhi Bank to deliver enhanced customer experiences through user-friendly tools, reduce manual processes with automation, and harness real-time analytics for informed decision-making. These advancements are expected to drive operational efficiency while reinforcing the bank’s position as a trusted financial partner in both rural and urban communities.
Both organisations share a strong commitment to advancing Sri Lanka’s financial ecosystem, underpinned by a shared vision for growth and inclusion. Through this partnership, Samurdhi Bank aims to provide modernised banking services to its diverse customer base, empowering communities and contributing to the nation’s economic development.
SLT-Services Chief Operating Officer Asela C. R. Galappattige said: “Our proprietary solution, the FinOps Digital Core Banking System, exemplifies the potential of local innovation to address complex challenges. We are honoured to collaborate with Samurdhi Bank in their mission to create a digitally empowered financial landscape and as a leading ICT solution provider, we are committed to delivering sustainable solutions at affordable rates to our esteemed clients.”
Department of Samurdhi Development Director General C. D. Kaluarachchi said: “The digital banking platform developed by SLT-Services has significantly contributed to enhancing the efficiency and transparency of the Samurdhi Program. Its tailored features and scalability empower the department to effectively meet beneficiary expectations, thereby reinforcing our commitment to providing inclusive financial services across the country.
By leveraging local talent and resources, this project not only strengthens the capabilities of Samurdhi Bank but also plays a crucial role in retaining foreign currency within Sri Lanka, fostering economic growth, and demonstrating the competitive edge of high-tech, locally developed, affordable core banking software for future applications.”
