INNOVBANK 2020 thrives of selecting Best Among Very Best | Daily News

INNOVBANK 2020 thrives of selecting Best Among Very Best


International symposium on innovative banking bounced back gloriously following the Covid -19 pandemic. The final round presentations of selected participants via online platforms and onsite was held at Bank of Ceylon, Head Office.

This was a novel encounter for all participants and panel of judges. All sessions were very interactive and the panel members highly appreciated the enthusiasm of all contestants and their contribution towards leading future banking to a remarkable destiny. Participants brought their illustrative explanations to the submitted proposals/concepts before the expert panel and were exposed to commentaries at Q & A session. This is a significant accomplishment of this enormous initiative for “Bank of Ceylon” moving forward with the objective of leading and directing the local financial fraternity to an innovative arena.

The distinguished panel comprised of University Academics, IT Professionals, Veteran Bankers and Industry experts. The coordinating co-chairs of Innovbank Dr. Samantha Rathnayake, the Management Consultant and Faculty Member of Postgraduate Institute of Management, University of Sri Jayewardenepura and Dr. Ajantha Athukorale, the Deputy Director, University of Colombo School of Computing headed the panel.

Bank of Ceylon launched the International Symposium on Innovative Banking to commemorate Bank’s 80th anniversary and “Innovbank” 2020 curtain was raised on November 4 at BOC Head Office Auditorium with the theme of “Innovative Banking in a Smart World”. This is an extra effort of the Bank identifying its responsibility towards the industry betterment as a leading bank. This is a knowledge-sharing hub, which invite and bridge all interested innovators on a common platform to present their proposals and concepts for the wellbeing of the industry. Innovbank 2020 called for papers under six symposium tracks namely Fintech solutions in Banking, Business Process Re-Engineering in Banking, Innovative Financial Products and Services, Artificial intelligence in the financial industry, MIS and Big Data Analytics for decision making in Banking and My Dream Bank track exclusive for students.

Papers and proposals collected until February 4, 2020 were reviewed in three different phases involving three different panels including academics, professionals, practitioners and industry veterans to add more transparency.

The final symposium will be held in October 2020 with a grand audience recognizing Gold, Silver and Bronze medal winners and merit award winners with financial and non-financial awards.

Bank of Ceylon as the curator of this pitch is confident in giving the expected bounce back for the industry betterment with Innovbank. This creates an industry dialogue by Bank of Ceylon as the front-runner in leading the way through innovation. Bank of Ceylon as a government entity understood this initiative as a national responsibility to enrich the nation with latest banking technologies by onboarding them on efficient financial practices and hopefully continuing the INNOVBANK for future innovators too.