Sri LankaRSS

Seylan Bank to swap legacy trade finance tech for Finastra’s Fusionbanking Trade Innovation

New tech project for Finastra in Sri Lanka

Sri Lanka’s Seylan Bank is modernising its trade finance technology with Finastra’s Fusionbanking Trade Innovation system. On the way out is the legacy China Systems’ Eximbills system, Banking Technology understands.

Merchant Bank of Sri Lanka in tech overhaul with Fiserv

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Merchant Bank of Sri Lanka (MBSL) has signed for Fiserv’s Signature back office system and the Teller front-end solution. MBSL has around 100,000 customer accounts and 49 branches. Last year, it merged with its two subsidiaries, MBSL Financial Services and MBSL Savings Bank. Fiserv says the bank needed new technology that was “flexible, scalable and […]

Earthport gains foothold in Sri Lanka via Commercial Bank of Ceylon

Earthport partners with Commercial Bank of Ceylon for remittances

Earthport, a cross-border payments service provider, has inked a deal with Commercial Bank of Ceylon to provide local payment capability into Sri Lanka. The deal is part of Earthport’s Asian expansion strategy, with similar money transfer partnerships already secured in Pakistan and India. Sajeev Viswanathan, president, global strategy at Earthport, says the tie-up with Commercial […]

Sungard out, Path Solutions in at Amãna Bank

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Sri Lanka-based Amãna Bank has gone live with new treasury and asset management software, supplied by Path Solutions. The new products, iMAL Islamic Treasury and iMAL AssetManagement, replaced a legacy treasury and equity management platform at Amãna. Banking Technology understands that this was Sungard’s Ambit Treasury Management. The new software interfaces to Swift and supports […]

Sanasa Development Bank implements new loan origination system

Sanasa Development Bank

Sanasa Development Bank in Sri Lanka is automating its front-office lending software. The bank is going to implement a new end-to-end platform for loan origination, mobile loan origination and collections. The bank issued a request for proposal (RFP) at the end of last year to find the new system and the supplier. The bidding process […]

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