Seylan Bank invests in IT for the future
Seylan Bank has introduced many value added and innovative products
and services and has been in the forefront of qualitative changes in the
Seylan Bank also prides itself in strategically leveraging
information technology in its endeavours to build relationships for life
with its customers.
Chairman of Seylan Bank Lalith Kotelawala and Deputy Chairman of
Ceylinco Group Sicille Kotelawala.
The Bank has made considerable investments in information technology
to further develop “Fast Cash”, the fastest growing international Money
Transfer Service which expanded its reach to nine additional locations
in Australia, Bangladesh, Italy, Jordan, Kuwait, Lebanon, Oman and
United Kingdom enabling Sri Lankans living there to conveniently remit
funds to their loved ones back home, increasing the total inward
remittances and thus contributing to the economy.
Beneficiaries of the money transfer service in Sri Lanka were
introduced to a new “Flexi-loan” scheme whereby, they could avail
themselves of a loan to meet their financial requirements, the loan
being guaranteed by the remitter.
In addition, the beneficiary could also avail himself / herself of a
“Wish Card” which could be credited with the rupee equivalent of the
remitted amount and could be used to withdraw funds from any VISA
enabled ATM without a charge or utilise it at any VISA merchant to
The formulation of innovative products in itself may not satisfy
customer needs and wants and as such, due consideration was also given
to the delivery of such products to the customers’ doorstep.
Accordingly, the bank also invested in IT for the future by
introducing “Palm Top Banking” for the first time in Asia, providing its
innovative products to its vast and varied clientele at their doorstep
by equipping dedicated sales staff with real-time connectivity.
Another product to have benefited from cutting edge technology was
the “2 in 1” Automated Fund Manager - launched in 2007 which enables
idling overnight balances to earn productive returns.