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 banking industry.

Seylan Bank also prides itself in strategically leveraging information technology in its endeavours to build relationships for life with its customers.

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 purchase goods.

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.