Business and Economics
FINAP feted at National Best Quality Software Awards

FINAP-Fin Technology Asia Pacific Lanka (Pvt) Ltd, a leading software solutions company, won two coveted awards at National ICT Awards, NBQSA-2020, held on February 3, at BMICH.

FINAP’s champion product ECOru the leading Core Banking and Finance Solution was crowned the Gold Award Winner of the Finance and Accounting Solutions (Fintech) in Business Services Category and further, was recognized as the Most Innovative and Best Solution in Cloud Computing.

NBQSA recognises the best of the best within the ICT products and solutions industry in Sri Lanka. All the recipients of the awards and irrespective of the category of the award have demonstrated the quality, robustness and international competitiveness of their products and solutions.


SDB bank introduces a paperless onboarding process

Further advancing their continuous program of digital transformation, SDB bank is set to introduce an all-new paperless onboarding process in mid-February.This follows the bank’s implementation of a lean, e-signature system for customer loan agreements in late-2020.

SDB bank’s paperless customer onboarding effort will replace their current customer onboarding process which is fully paper-based.

The use of digital technology in this key process across the bank’s 94 branches islandwide promises a host of new benefits to their extensive personal customer base, proudly covering people belonging to all walks of life with both small-scale entrepreneurial and personal finance requirements.

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President opens first YOO shoe outlet at ‘Rajawasala’ in Narahenpita

The very first outlet of YOO shoes, the 100% Sri Lankan brand which is gearing up to take the highly competitive market, was declared open by President Gotabaya Rajapaksa at the State Trust Center (Rajawasala) Shopping Complex established within the Economic Center premise in Narahenpita, Colombo 5, on Thursday. Minister of Trade Bandula Gunawardena was also among a host of other distinguished guests who attended the opening ceremony of the brand new showroom, part of the Sri Lanka State Trading Corporation’s Rajawasala shopping complex which houses 78 State and private shops.

YOO Brand Managing Director Hemantha Perera and Chief Executive Office Chamath Thanaweeraarachchi introduced the brand to President Rajapaksa during the inauguration.

The all-new YOO brand which is ready to take the highly competitive shoe market by storm introduces a wide range of world-class sport and casual shoes, manufactured by YOO Brands, which is an affiliated company of Sarasavi Industries Pvt Ltd.

In January 2021, YOO Brands started manufacturing 100% seamless knitted shoes for the first time in the country introducing the YOO brand. The YOO brand production line adapted a specific knitting technology that uses specialized circular looms to develop a perfectly fitting shoe upper that adapts perfectly to the foot.

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