CB Deputy Governor sounds warning note to banking industry and calls for technology embrace

CB Deputy Governor sounds warning note to banking industry and calls for technology embrace Published by: Daily FT By Charumini de Silva Sri Lanka’s financial sector needs to rise up and embrace technology to foster economic growth or risk having the system be disrupted by more dynamic sectors, warned a top banking official yesterday. Central Bank […]

Sri Lanka banks, tech firms urged to co-operate to push e-commerce

Published by: Economy Next ECONOMYNEXT – Sri Lankan banks need to co-operate among themselves and with technology companies to encourage greater use of digital transactions, Channa De Silva, chief executive of LankaClear. He said LankaClear, an electronic clearing house owned by banks which handles inter-bank funds transfers and provides links for a common automated teller machine […]

How Financial Technology Companies (Fintech) can Complement Bank Services, Products

By Imee Charlee C. Delavin, Reporter Business World Philippines FINANCIAL TECHNOLOGY (FinTech) firms are seen to complement the products and services offered by banks, providing growth areas for lenders to expand market reach and tap the unbanked sector. FinTech companies were earlier seen to play an increasingly important role in the financial services industry — gaining substantial […]

How Philippines’ banking will look like in 2020

By Elyssa Christine Lopez |Entrepreneur Philippines | May 25, 2016 GOING DIGITAL.  BSP Core Information Technology Specialist Group Bank Officer V Anna Racines said the proposed NRPS framework would hopefully eradicate consumers’ initial hesitation to use digital banking. Photo by Elyssa Lopez / Entrepreneur Philippines With the onslaught of Bitcoin and online shopping, banking and financial institutions are forced […]