Bank of Ceylon is proud to announce the launch of its new Treasury System “Finacle” in conjunction with Infosys and their business alliance partner Millennium IT, a leading IT solution provider in Sri Lanka. Bank of Ceylon deployed the New Age Infosys Finacle Treasury Solution Version 11.2.1 to provide its customers with a new paradigm in service excellence and convenience with this state-of-the-art platform. The new system enables the Treasury activities of Bank of Ceylon to strengthen its Risk Management and provide a speedy and modern service to its customers and counterparties.
The Bank of Ceylon Treasury plays a vital role in the performance of the Bank by contributing a significant amount towards profitability. BoC caters to all spheres of society from the smallest investor to the largest Corporate.
BoC Treasury attracts a large number of local and foreign customers by quoting competitive foreign exchange rates, and engaging in Repo and Reverse Repo transactions, LKR denominated Government Securities such as Treasury Bills & Bonds and currency options to corporate customers to mitigate exchange rate and interest rate risks. They also maintain a strong global presence with over 859 correspondent relationships with Overseas Banks.
Roland C Perera, Presidents Counsel, Chairman Bank of Ceylon and D M Gunasekara, General Manager Bank of Ceylon inaugurated the system on September 21, 2015.
Finacle is the award-winning universal banking solution suite from Infosys. Finacle today powers banks in 84 countries. Finacle has been rated a leader by various independent analysts including Gartner, Forrester and others. Millennium IT is the power behind many of the world’s financial markets and is a fully-owned subsidiary of the London Stock Exchange Group. They have spearheaded implementation of Finacle Treasury at major State and Private sector Banks in Sri Lanka.