Bank of Ceylon upgrades front-to-back office systems with Fiserv
Bank of Ceylon, the largest bank in Sri Lanka, has continued its long-term relationship with Fiserv, and upgraded to the recent versions of Signature (retail core banking) and Teller (a front-end teller system).
The bank has also chosen Fiserv’s Communicator to provide integration between Signature and third-party solutions.
Luxaman Perera, head of IT, Bank of Ceylon, says: “Fiserv has been a partner for over ten years and has helped our bank improve operational efficiency and streamline branch operations with consolidated technology solutions.”
Fiserv does not have an exclusive contract with the bank.
In October 2015, Bank of Ceylon went live on Infosys’ Finacle treasury system (version 11.2.1), in conjunction with its local partner MillenniumIT, the Sri Lanka-based technology company owned by the London Stock Exchange.
Finacle Treasury supports FX, repo and reverse repo transactions at the bank, as well as the operations with LKR denominated government securities, such as bonds and treasury bills.