Union Bank installs new core banking system
View(s):Union Bank of Colombo PLC (UBC) has successfully migrated to its new core banking platform which will add value to its management processes and offer improved and more efficient services to customers.
The state-of-the-art banking platform will support Union Bank’s entire core banking operations, including ATMs and online channels, the bank said in an announcement.
The new core banking system provides a powerful banking platform that provides highly para-meterised, enterprise-wide automation designed for growth.
Director/Chief Executive Officer of Union Bank, Anil Amarasuriya said “The new state-of-the-art core banking system places Union Bank at the helm of Information Technology in the banking industry in Sri Lanka. It will support the bank’s rapid expansion and enable the bank to deliver sophisticated technology driven financial solutions to customers”.
The new system has been implemented by Silverlake Axis Limited, Malaysia, a leading provider of Digital Economy Solutions and Services for the Banking and Financial Services sector.