Finance

HSBC Sri Lanka Named Best Consumer Digital Bank for Fourth Consecutive Year by Global Finance

HSBC Sri Lanka has been named Best Consumer Digital Bank in the country for the fourth consecutive year by Global Finance in the 2024 World’s Best Consumer Digital Bank Awards in the Asia-Pacific region. This prestigious recognition follows HSBC’s recent accolade as Sri Lanka’s Best International Bank for 2024 by Euromoney. In addition to winning

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Industry Analysis

Banks’ CIO Forum Gears Up for ‘The CIO Confluence 2025’ with Successful Partner Meet Up

The Banks’ Chief Information Officers Forum (BCIOF), the premier C-level forum in Sri Lanka’s banking and financial sector, hosted a successful ‘Partner Meet Up’ on 27 August at the Grand Sapphire, Courtyard by Marriott Colombo, as a prelude to the highly anticipated ‘The CIO Confluence 2025.’ With the banking and financial sector driving digital transformation,

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Industry Analysis

Union Bank Launches Upgraded UBgo App, Enhancing Digital Banking Experience

Union Bank proudly announces the launch of its upgraded UBgo mobile app, a key development in the bank’s ongoing digital transformation strategy. This new version reflects Union Bank’s dedication to delivering innovative and customer-focused digital solutions. The revamped UBgo app features a range of enhancements aimed at providing a more intuitive, secure, and comprehensive banking

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Industry Analysis

Union Bank Appoints Dilshan Rodrigo as New Chief Executive Officer

Union Bank has appointed Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective August 16, 2024. With over two decades of experience in the banking sector, Mr. Rodrigo’s leadership marks a pivotal moment for Union Bank as it seeks to navigate Sri Lanka’s evolving banking landscape and focus on innovation and customer-centric strategies in

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Personal Finance

Teejay Lanka Posts Rs. 273.7 Million Profit in 1Q25

Teejay Lanka PLC, Sri Lanka’s pioneering multinational textile manufacturer, has announced a remarkable turnaround in its financial performance for the quarter ending June 30, 2024 (1Q25). The company reported a profit before tax of Rs. 273.7 million, a significant recovery from the Rs. 701 million loss recorded during the same period last year. Revenue for

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Tech

Amana Takaful Wins Mobile App of the Year

Amana Takaful Insurance, recognized as Sri Lanka’s fastest-growing and most awarded insurance company, has won the prestigious Mobile App of the Year– Sri Lanka title at the Insurance Asia Awards 2024. The award, presented at the recent ceremony held at Marina Bay Sands in Singapore, underscores Amana Takaful’s commitment to advancing technology and enhancing customer

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Business

Telco and Banking Leaders Partner to Boost SME Digital Transformation

In a landmark initiative to drive digital transformation for small and medium-sized enterprises (SMEs), Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, has signed a Memorandum of Understanding (MoU) with Commercial Bank of Ceylon PLC, GlobalLinker, and Databox Technologies. This collaboration, titled “Commercial Bank LEAP GlobalLinker,” is an innovative web solution designed

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