Union Bank first to implement Microsoft Cloud Technology

Union Bank (UBC) has been recognised by Microsoft Sri Lanka as the first bank in the country to move into Microsoft’s Office 365 (O 365) Cloud Technology, further enhancing the bank’s operational excellence.

Microsoft Cloud is an outsourced hosting platform that provides an array of features with greater security and convenience for real time connectivity across Union Bank.

The shift to Microsoft Cloud will provide UBC with uninterrupted availability of email and office applications, enabling greater efficiencies in the bank’s operations. Furthermore, it leverages on shared infrastructure to support the innovation and introduction of new initiatives, adding value to the bank’s premise to deliver unparalleled service to customers.

Commenting on the deployment of Microsoft cloud, Vice President - Information Technology of Union Bank, Rajeev Munasinghe stated: “This is yet another milestone in the bank’s IT initiatives. We are the first bank to move into ‘O 365’ cloud technology which further exemplifies Union Bank’s continued efforts to use its IT interventions to grow its business more emphatically.”

“The deployment of the Cloud technology at Union Bank will result in greater operational efficiency that results in enhanced service standards for its customers. This platform will reduce costs and increase the speed of delivery of IT services. With the new technology our employees will be able to serve our customers more efficiently and effectively in a confidential and secure manner,” Munasinghe stated. The Union Bank team will work with Microsoft Sri Lanka to driving this IT Strategy forward.

Microsoft Sri Lanka and Maldives Country Manager Imran Vilcassim stated: “The partnership between Union Bank and Microsoft makes UBC the first major commercial bank in Sri Lanka to move to Cloud Technology with Microsoft. With many initiatives taken in ensuring cyber security along with the Digital Crimes Unit, Microsoft continues to thrive in the security platform, enabling valued customers in the banking sector. We are looking forward to contributing towards shaping the technology landscape in the financial industry by enhancing end user experience for both internal and external customers in order for organisations to achieve operational effectiveness. Our initiative on driving Cloud Technology in the banking sector has created momentum as Microsoft has adhered to Central Bank policies on outsourcing guidelines. Moving forward we are hopeful that the trend Union Bank has set in the banking sector will be a great example for financial institutes in Sri Lanka to adopt cloud-based technologies.”