SCIENTER Technologies partners with Mercantile Investments

SCIENTER Technologies (Pvt) Ltd has brought in Mercantile Investments and Finance PLC (MI) as its newest client.

The technology firm recently entered into a Memorandum of Understanding with Mercantile Investments in implementing the full suite of its dynamic, core financial platform – eFinancials. Implemented by over 25 financial service providers, including non-banking financial institutions and banks, the solution has gathered an unmatched reputation both here and overseas, making it one of the most successful, integrated financial platforms in the market, the IT company said in a media release

Designed as a comprehensive software solution, eFinancials is the ideal core technology platform that integrates all main functions and processes related to financial services and transactions. The eFinancials suite of modules and solutions offers the latest features and functionalities for the origination and management of varying loan schemes, savings and fixed deposits, leasing and mobile banking (eWallet), along with the ability to integrate modules for back-end operations such as collections and recoveries, general ledger, treasury and financial management.

The possibilities of the solution are wide-ranging, as it incorporates a flexible and configurable back-end architecture, which gives SCIENTER the versatility to adapt the platform to the requirements of the financial service provider. Moreover, it can be configured to suit the service levels of various departments and personnel.

Commenting on the new partnership, Managing Director of SCIENTER Technologies, Rajiva Witharana noted that:  “It is an absolute pleasure to tie up with Mercantile Investments due to its leading position within the financial services sector. Now, in the implementation process, we have adapted the e-Financials platform to seamlessly integrate MI’s core functions into a single operational platform; this was done while keeping in mind their operational and process requirements. eFinancials provides an extensive range of modules, catering to numerous needs, apart from the most basic functions. Our team is constantly finding new avenues in expanding the suite of capabilities and has succeeded in creating separate modules to manage mobile banking functionalities and exposures to money laundering activities. These are just a few examples of its full capacity, which are absolute requirements to accountable and growth-oriented financial service providers.”

Commenting on the partnership, the COO/Director Non-Board of Mercantile Investments, Dhanushka Fonseka, stated that the level of service delivered to a client is a critical factor for any organisation to succeed; and that the partnership with SCIENTER and the eFinancials platform will unquestionably enable MI to fill potential gaps and deliver a unique experience to all stakeholders.

SCIENTER Technologies (Private) Ltd. is one of Sri Lanka’s prominent tech solutions providers in enterprise applications and business software solutions - with a journey of over 26 years in the industry.